UWM (NYSE:UWMC) CEO Ishbia Mat Sells 632,874 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $4.37, for a total transaction of $2,765,659.38. Following the completion of the sale, the chief executive officer directly owned 346,997 shares of the company’s stock, valued at $1,516,376.89. This represents a 64.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.57, for a total transaction of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The shares were sold at an average price of $4.66, for a total transaction of $2,096,986.02.
• On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The shares were sold at an average price of $4.70, for a total value of $1,891,670.10.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total value of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.60, for a total transaction of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.67, for a total transaction of $3,471,667.29.
• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.78, for a total transaction of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.71, for a total transaction of $3,496,158.77.

UWM Price Performance

UWM stock opened at $4.42 on Friday. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The stock’s 50 day simple moving average is $5.26 and its two-hundred day simple moving average is $5.21. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The firm had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. As a group, equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a $0.10 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 9.1%.

Hedge Funds Weigh In On UWM

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its position in shares of UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares during the period. GAMMA Investing LLC increased its stake in shares of UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after buying an additional 4,344 shares during the period. Raymond James Financial Inc. bought a new stake in shares of UWM in the second quarter valued at about $35,000. Advisory Services Network LLC purchased a new position in UWM during the 3rd quarter valued at about $38,000. Finally, R Squared Ltd bought a new stake in shares of UWM in the 2nd quarter valued at about $51,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

UWMC has been the topic of several recent analyst reports. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. UBS Group upped their price target on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Finally, BTIG Research restated a “buy” rating and set a $10.00 target price on shares of UWM in a research report on Monday, September 22nd. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.56.

About UWM

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.