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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the company’s stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70. Following the sale, the chief executive officer directly owned 5,331,579 shares of the company’s stock, valued at approximately $18,927,105.45. This trade represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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 transaction of $3,722,135.28.
• 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 shares were 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 value 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 shares were 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 stock was 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.

UWM Stock Performance

UWM stock opened at $3.53 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 stock has a market cap of $5.64 billion, a PE ratio of 58.75 and a beta of 1.90. UWM Holdings Corporation has a 12-month low of $3.38 and a 12-month high of $7.14. The business’s 50-day moving average price is $4.62 and its two-hundred day moving average price is $5.21.

UWM (NYSE:UWMC) last posted its earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company 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, analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

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 paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 11.3%. UWM’s dividend payout ratio is presently 666.67%.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after purchasing an additional 4,091 shares during the last quarter. GAMMA Investing LLC raised its position in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares during the last quarter. Advisory Services Network LLC acquired a new position in UWM during the 3rd quarter worth about $38,000. Raymond James Financial Inc. acquired a new position in UWM during the 2nd quarter worth about $35,000. Finally, Farther Finance Advisors LLC grew its position in shares of UWM by 1,410.7% in 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 last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Zacks Research cut shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. The Goldman Sachs Group set a $5.00 price objective on UWM in a report on Tuesday, January 6th. BTIG Research restated a “buy” rating and set a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Barclays lowered their target price on UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings upgraded UWM from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.