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 Wednesday, February 4th. The stock was sold at an average price of $5.05, for a total transaction of $3,196,013.70. Following the transaction, the chief executive officer directly owned 5,590,895 shares in the company, valued at approximately $28,234,019.75. This trade represents a 10.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total value of $3,290,944.80.
• 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 value 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 value of $3,727,627.86.
• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.75, for a total value of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.87, for a total value of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 transaction 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 transaction 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 transaction of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.27, for a total transaction of $3,335,245.98.

UWM Stock Up 0.3%

NYSE UWMC opened at $5.15 on Friday. The firm’s 50 day moving average price is $5.24 and its 200-day moving average price is $5.41. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14.

UWM (NYSE:UWMC) last posted 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 company had revenue of $151.14 million for 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 analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. UBS Group lifted their target price on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Jefferies Financial Group initiated coverage on shares of UWM in a report on Friday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Finally, Morgan Stanley set a $6.00 target price on shares of UWM in a research note on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus price target of $6.53.

Hedge Funds Weigh In On UWM

Hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in UWM during the 1st quarter worth approximately $92,000. Focus Partners Wealth purchased a new stake in shares of UWM during the first quarter valued at $55,000. Public Employees Retirement System of Ohio increased its position in shares of UWM by 67.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 48,712 shares of the company’s stock valued at $202,000 after acquiring an additional 19,670 shares during the period. KLP Kapitalforvaltning AS raised its stake in UWM by 63.5% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 33,200 shares of the company’s stock worth $140,000 after acquiring an additional 12,900 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its position in UWM by 39.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,060 shares of the company’s stock worth $79,000 after acquiring an additional 5,348 shares during the period. 53.59% of the stock is owned by hedge funds and other institutional investors.

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.