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 on Friday, March 20th. The shares were sold at an average price of $3.60, for a total value of $3,602,066.40. Following the transaction, the chief executive officer owned 8,333,301 shares of the company’s stock, valued at approximately $29,999,883.60. The trade was a 10.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total value of $3,722,135.28.
• 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 value of $3,732,141.02.
• On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 stock was sold at an average price of $3.69, for a total transaction 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 transaction of $2,474,537.34.
• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total transaction 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 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 stock was sold at an average price of $4.52, for a total transaction of $2,860,590.48.

UWM Stock Performance

UWM stock opened at $3.74 on Tuesday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $5.99 billion, a PE ratio of 62.37 and a beta of 1.90. The company has a 50 day moving average price of $4.74 and a 200-day moving average price of $5.26. UWM Holdings Corporation has a fifty-two week low of $3.46 and a fifty-two week high of $7.14.

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

UWM Announces Dividend

The company also recently declared 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 of this dividend is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. UWM’s dividend payout ratio is presently 666.67%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brandes Investment Partners LP bought a new stake in UWM during the fourth quarter valued at about $45,867,000. Azora Capital LP raised its holdings in UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after purchasing an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in UWM in the third quarter worth about $32,630,000. Renaissance Technologies LLC purchased a new stake in shares of UWM during the fourth quarter valued at about $21,580,000. Finally, 683 Capital Management LLC bought a new stake in shares of UWM in the 2nd quarter valued at about $19,872,000. 53.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on UWMC. BTIG Research restated a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Compass Point began coverage on shares of UWM in a report on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price on the stock. Jefferies Financial Group set a $4.40 target price on shares of UWM in a research report on Wednesday, February 25th. Morgan Stanley set a $6.00 price target on shares of UWM in a report on Tuesday, December 16th. Finally, The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, UWM currently has an average rating of “Hold” and a consensus price target of $6.49.

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.