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 firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $5.20, for a total transaction of $3,290,944.80. Following the completion of the transaction, the chief executive officer owned 6,856,643 shares of the company’s stock, valued at $35,654,543.60. This trade represents a 8.45% decrease in their ownership of the stock. The transaction 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 Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.00, for a total transaction of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.89, for a total transaction of $3,727,627.86.
• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total transaction of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.87, for a total transaction of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.82, for a total value of $3,683,326.68.
• On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total value of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.46, for a total value of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.35, for a total value of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total value of $3,335,245.98.
• 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.

UWM Price Performance

Shares of UWMC opened at $5.11 on Tuesday. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The firm’s 50 day simple moving average is $5.28 and its 200 day simple moving average is $5.41.

UWM (NYSE:UWMC) last released its quarterly 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%. On average, equities research analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend was Thursday, December 18th.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on UWMC shares. Barclays upped their price objective on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. UBS Group boosted their target price on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Wall Street Zen cut shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a report on Tuesday, January 6th. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.53.

Institutional Trading of UWM

A number of institutional investors have recently made changes to their positions in the stock. Choreo LLC increased its stake in shares of UWM by 16.1% in the fourth quarter. Choreo LLC now owns 19,017 shares of the company’s stock worth $84,000 after buying an additional 2,637 shares during the period. State of Wyoming grew its holdings in UWM by 24.9% in the 3rd quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after acquiring an additional 2,902 shares during the last quarter. Arizona State Retirement System increased its position in shares of UWM by 8.1% in the third quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock valued at $309,000 after acquiring an additional 3,785 shares during the period. Allworth Financial LP raised its stake 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 acquiring an additional 4,091 shares during the last quarter. Finally, Evergreen Capital Management LLC raised its stake in shares of UWM by 16.5% during the fourth quarter. Evergreen Capital Management LLC now owns 30,192 shares of the company’s stock valued at $135,000 after acquiring an additional 4,279 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.