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 business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $4.52, for a total transaction of $2,860,590.48. Following the transaction, the chief executive officer directly owned 4,596,407 shares of the company’s stock, valued at approximately $20,775,759.64. This trade represents a 12.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.77, for a total transaction of $3,018,808.98.
• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total transaction of $3,088,425.12.
• 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 transaction of $3,126,397.56.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.66, for a total transaction of $2,949,192.84.
• On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value 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 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.

UWM Stock Down 2.3%

Shares of NYSE UWMC opened at $4.52 on Tuesday. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The firm’s 50-day simple moving average is $5.03 and its 200 day simple moving average is $5.47. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45.

Institutional Trading of UWM

A number of large investors have recently added to or reduced their stakes in UWMC. Vanguard Group Inc. increased its holdings in shares of UWM by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock valued at $83,042,000 after buying an additional 1,676,754 shares in the last quarter. Azora Capital LP grew its holdings in shares of UWM by 230.8% in the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after acquiring an additional 7,881,586 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of UWM in the 4th quarter worth $45,867,000. Balyasny Asset Management L.P. raised its position in shares of UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after purchasing an additional 3,224,806 shares during the period. Finally, Integrated Investment Consultants LLC purchased a new stake in shares of UWM during the third quarter valued at $32,630,000. 53.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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