UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat Sells 400,036 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 400,036 shares of the firm’s stock in a transaction on Friday, July 11th. The stock was sold at an average price of $4.14, for a total value of $1,656,149.04. Following the completion of the transaction, the chief executive officer owned 1,899,388 shares in the company, valued at $7,863,466.32. The trade was a 17.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ishbia Mat also recently made the following trade(s):

• On Monday, July 14th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.22, for a total value of $1,688,151.92.
• On Wednesday, July 9th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.26, for a total value of $1,704,153.36.
• On Monday, July 7th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.05, for a total value of $1,620,145.80.
• On Wednesday, July 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.32, for a total value of $1,728,155.52.
• On Monday, June 30th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.13, for a total value of $1,652,148.68.
• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.12, for a total value of $1,648,148.32.
• On Wednesday, June 25th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.14, for a total value of $1,656,149.04.
• On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.10, for a total value of $1,640,147.60.
• On Friday, June 20th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.02, for a total value of $1,608,144.72.
• On Tuesday, June 17th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $3.99, for a total value of $1,596,143.64.

UWM Stock Performance

NYSE:UWMC opened at $4.24 on Tuesday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $9.74. The stock has a 50-day moving average price of $4.17 and a 200 day moving average price of $5.15. The stock has a market capitalization of $6.77 billion, a P/E ratio of -32.58 and a beta of 1.68.

UWM (NYSE:UWMC) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to analysts’ expectations of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. Equities research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.45%. The ex-dividend date of this dividend was Wednesday, June 18th. UWM’s payout ratio is -307.69%.

Wall Street Analysts Forecast Growth

UWMC has been the topic of several recent research reports. Barclays raised UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price target on the stock in a research note on Tuesday, July 8th. UBS Group raised UWM from a “sell” rating to a “neutral” rating and lowered their price target for the company from $4.75 to $4.50 in a report on Wednesday, April 16th. Keefe, Bruyette & Woods downgraded UWM from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $6.50 to $4.50 in a report on Thursday, July 10th. Finally, The Goldman Sachs Group decreased their price objective on UWM from $6.00 to $5.25 and set a “neutral” rating on the stock in a research note on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $6.18.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after acquiring an additional 2,958 shares during the last quarter. Sherbrooke Park Advisers LLC increased its holdings in shares of UWM by 17.4% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company’s stock valued at $118,000 after acquiring an additional 2,975 shares during the period. Mariner LLC increased its holdings in shares of UWM by 5.1% in the 4th quarter. Mariner LLC now owns 64,455 shares of the company’s stock valued at $378,000 after acquiring an additional 3,126 shares during the period. Victory Capital Management Inc. grew its stake in UWM by 20.7% during the 4th quarter. Victory Capital Management Inc. now owns 20,330 shares of the company’s stock worth $119,000 after buying an additional 3,488 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in UWM by 13.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company’s stock worth $174,000 after buying an additional 3,524 shares during the last quarter. 53.59% of the stock is owned by institutional investors.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.