UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $3.72, for a total transaction of $3,722,135.28. Following the sale, the chief executive officer directly owned 7,332,727 shares in the company, valued at $27,277,744.44. The trade was a 12.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total transaction of $3,602,066.40.
• On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total transaction of $3,732,141.02.
• On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total transaction of $3,702,123.80.
• On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $2,335,305.06.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total value of $2,474,537.34.
• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total value of $2,601,112.14.
• On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.25, for a total value of $2,689,714.50.
• On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.03, for a total value of $2,550,482.22.
• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.52, for a total value of $2,860,590.48.

UWM Price Performance

UWM stock opened at $3.74 on Tuesday. The stock’s 50 day moving average is $4.74 and its 200 day moving average is $5.26. UWM Holdings Corporation has a one year low of $3.46 and a one year high of $7.14. The firm has a market cap of $5.99 billion, a P/E ratio of 62.37 and a beta of 1.90. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52.

UWM (NYSE:UWMC) last released its 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 for the quarter, compared to analyst estimates of $759.12 million. As a group, research analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 10.7%. UWM’s dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its holdings in UWM by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock worth $243,000 after acquiring an additional 2,329 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of UWM by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company’s stock valued at $225,000 after purchasing an additional 2,407 shares during the last quarter. Allworth Financial LP raised its holdings in shares of UWM by 62.5% in the fourth quarter. Allworth Financial LP now owns 6,765 shares of the company’s stock valued at $30,000 after purchasing an additional 2,602 shares during the last quarter. Choreo LLC lifted its position in shares of UWM by 16.1% during the fourth quarter. Choreo LLC now owns 19,017 shares of the company’s stock valued at $84,000 after purchasing an additional 2,637 shares in the last quarter. Finally, State of Wyoming lifted its position in shares of UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after purchasing an additional 2,902 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a report on Tuesday, January 6th. Barclays lowered their price objective on UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Compass Point started coverage on UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 price objective on the stock. Zacks Research lowered UWM from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $6.49.

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.