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 Thursday, March 5th. The shares were sold at an average price of $4.11, for a total value of $2,601,112.14. Following the completion of the transaction, the chief executive officer directly owned 6,133,415 shares in the company, valued at approximately $25,208,335.65. The trade was a 9.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total transaction of $2,689,714.50.
• On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.03, for a total transaction of $2,550,482.22.
• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.52, for a total transaction of $2,860,590.48.
• On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was 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 shares were 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 stock was 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 shares were 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.

UWM Trading Down 4.5%

NYSE:UWMC opened at $3.85 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The business’s 50 day moving average is $4.94 and its two-hundred day moving average is $5.41. UWM Holdings Corporation has a 52 week low of $3.79 and a 52 week high of $7.14. The company has a market cap of $6.16 billion, a PE ratio of 64.17 and a beta of 1.90.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The firm had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. On average, analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.4%. UWM’s payout ratio is currently 666.67%.

Institutional Investors Weigh In On UWM

Large investors have recently made changes to their positions in the company. Oak Thistle LLC purchased a new stake in UWM in the 3rd quarter worth approximately $1,337,000. Hsbc Holdings PLC purchased a new position in shares of UWM during the 2nd quarter valued at $792,000. Vanguard Group Inc. grew its holdings in shares of UWM by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after acquiring an additional 1,010,907 shares in the last quarter. AGF Management Ltd. acquired a new position in shares of UWM in the second quarter worth $3,072,000. Finally, 683 Capital Management LLC purchased a new stake in shares of UWM during the second quarter worth $19,872,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on UWMC shares. Barclays cut their target price on UWM from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. The Goldman Sachs Group set a $5.00 price target on UWM in a report on Tuesday, January 6th. Morgan Stanley set a $6.00 price objective on shares of UWM in a research note on Tuesday, December 16th. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings upgraded shares of UWM from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, UWM presently has an average rating of “Hold” and an average price target of $6.20.

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.