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 company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70. Following the completion of the sale, the chief executive officer directly owned 2,329,857 shares of the company’s stock, valued at $8,270,992.35. The trade was a 30.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.
• 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 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 stock was 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 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.

UWM Price Performance

NYSE:UWMC opened at $3.73 on Friday. The firm’s fifty day moving average is $4.39 and its two-hundred day moving average is $5.10. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 62.08 and a beta of 1.93. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. UWM Holdings Corporation has a one year low of $3.38 and a one year high of $7.14.

UWM (NYSE:UWMC) last issued 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 company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. Research analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s dividend payout ratio (DPR) is presently 666.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UWMC. Dimensional Fund Advisors LP increased its holdings in shares of UWM by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock valued at $243,000 after acquiring an additional 2,329 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of UWM by 4.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company’s stock worth $225,000 after purchasing an additional 2,407 shares in the last quarter. Allworth Financial LP grew its position in UWM by 62.5% during the fourth quarter. Allworth Financial LP now owns 6,765 shares of the company’s stock worth $30,000 after buying an additional 2,602 shares during the period. Choreo LLC increased its stake in UWM by 16.1% in the 4th 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 increased its position in UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after buying an additional 2,902 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Morgan Stanley set a $6.00 target price on UWM in a research note on Tuesday, December 16th. Jefferies Financial Group set a $4.40 price target on shares of UWM in a research report on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 target price on UWM in a report on Tuesday, January 6th. Compass Point started coverage on shares of UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 price target for the company. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently 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.