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 company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12. Following the completion of the sale, the chief executive officer directly owned 7,127,903 shares in the company, valued at approximately $34,784,166.64. The trade was a 8.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total value of $3,126,397.56.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.66, for a total value of $2,949,192.84.
• On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total value of $2,917,549.14.
• On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.84, for a total value of $3,063,110.16.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.20, for a total transaction 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 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.

UWM Price Performance

UWMC stock opened at $4.78 on Friday. The company has a 50 day moving average price of $5.06 and a two-hundred day moving average price of $5.45. 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 Holdings Corporation has a one year low of $3.80 and a one year high of $7.14.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group set a $5.00 target price on UWM in a research report on Tuesday, January 6th. UBS Group increased their price objective on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Jefferies Financial Group started coverage on shares of UWM in a report on Friday, December 19th. They issued a “hold” rating and a $5.00 target price for the company. Morgan Stanley set a $6.00 price target on shares of UWM in a report on Tuesday, December 16th. Finally, Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.53.

Institutional Trading of UWM

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP raised 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 valued at $25,000 after purchasing an additional 4,091 shares during the period. GAMMA Investing LLC grew its stake in shares of UWM by 408.7% in 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 in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UWM during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC raised its holdings in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after buying an additional 8,027 shares during the period. Finally, Advisory Services Network LLC acquired a new position in UWM during the 3rd quarter worth approximately $38,000. 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.