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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $4.70, for a total transaction of $2,974,507.80. Following the completion of the sale, the chief executive officer directly owned 4,415,501 shares of the company’s stock, valued at approximately $20,752,854.70. The trade was a 12.54% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.43, for a total value of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.37, for a total value of $2,765,659.38.
• 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 shares were sold at an average price of $4.57, for a total value of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was sold at an average price of $4.66, for a total value 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 transaction of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was 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.

UWM Price Performance

NYSE:UWMC opened at $4.73 on Friday. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The firm’s fifty day simple moving average is $5.16 and its 200 day simple moving average is $5.22.

UWM (NYSE:UWMC) last released its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to analyst estimates of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. As a group, sell-side analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On UWM

A number of hedge funds have recently made changes to their positions in UWMC. State of Wyoming boosted its position in shares of UWM by 24.9% during the 3rd quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after acquiring an additional 2,902 shares in the last quarter. Arizona State Retirement System lifted its stake in UWM by 8.1% during the third quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock worth $309,000 after purchasing an additional 3,785 shares during the period. Allworth Financial LP lifted its stake in UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after purchasing an additional 4,091 shares during the period. GAMMA Investing LLC boosted its holdings in 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 purchasing an additional 4,344 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of UWM by 23.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company’s stock valued at $99,000 after purchasing an additional 4,552 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UWMC shares. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a report on Tuesday. BTIG Research reaffirmed a “buy” rating and set a $10.00 price objective on shares of UWM in a research report on Monday, September 22nd. Finally, UBS Group increased their target price on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $6.53.

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.