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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $4.43, for a total value of $2,803,631.82. Following the completion of the transaction, the chief executive officer owned 5,681,249 shares of the company’s stock, valued at approximately $25,167,933.07. The trade was a 10.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $2,974,507.80.
• 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 Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total transaction of $2,765,659.38.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total transaction 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 transaction 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 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 transaction 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 value of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.67, for a total value of $3,471,667.29.

UWM Stock Performance

Shares of NYSE:UWMC opened at $4.73 on Friday. 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 stock has a fifty day simple moving average of $5.16 and a two-hundred day simple moving average of $5.22. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.5%. The ex-dividend date was Thursday, December 18th.

Institutional Investors Weigh In On UWM

Large investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its stake in UWM by 30.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 274,453 shares of the company’s stock valued at $1,239,000 after buying an additional 63,449 shares during the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in UWM during the fourth quarter valued at $67,000. Tudor Investment Corp ET AL bought a new position in UWM in the third quarter valued at about $12,237,000. Allworth Financial LP boosted its position in UWM by 5,681.9% in 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 last quarter. Finally, Alpine Global Management LLC bought a new stake in shares of UWM during the 3rd quarter valued at about $709,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research note on Tuesday. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their target price on UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Wall Street Zen cut UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Finally, Morgan Stanley set a $6.00 price target on UWM in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, UWM currently has an average rating of “Hold” and a consensus price target of $6.53.

UWM Company Profile

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.