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, April 17th. The stock was sold at an average price of $3.93, for a total transaction of $3,932,255.82. Following the completion of the sale, the chief executive officer directly owned 11,322,395 shares of the company’s stock, valued at approximately $44,497,012.35. The trade was a 8.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total transaction of $3,942,261.56.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72.
• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.66, for a total value of $3,662,100.84.
• On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.71, for a total value of $3,712,129.54.
• On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38.
• On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
• On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
• 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 value of $3,492,003.26.
• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
• 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 value of $3,552,037.70.

UWM Trading Up 1.4%

Shares of UWMC stock opened at $3.98 on Tuesday. UWM Holdings Corporation has a fifty-two week low of $3.38 and a fifty-two week high of $7.14. 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 stock’s fifty day moving average is $4.02 and its two-hundred day moving average is $4.87. The firm has a market capitalization of $6.36 billion, a P/E ratio of 66.25 and a beta of 1.93.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. Research analysts expect that UWM Holdings Corporation will post 0.41 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 10.1%. The ex-dividend date of this dividend was Thursday, March 19th. UWM’s dividend payout ratio is currently 666.67%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of UWM from $6.00 to $5.00 and set a “market perform” rating on the stock in a research note on Friday, April 10th. Weiss Ratings cut UWM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. Jefferies Financial Group set a $4.40 price objective on UWM in a research note on Wednesday, February 25th. Finally, The Goldman Sachs Group set a $5.00 target price on UWM in a research note on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.24.

Institutional Trading of UWM

Several institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in UWM in the first quarter worth approximately $92,000. Focus Partners Wealth purchased a new stake in UWM in the first quarter valued at $55,000. Cetera Investment Advisers raised its position in UWM by 20.5% in the second quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock valued at $468,000 after purchasing an additional 19,239 shares during the period. Legal & General Group Plc lifted its stake in shares of UWM by 65.9% in the 2nd quarter. Legal & General Group Plc now owns 180,164 shares of the company’s stock valued at $746,000 after purchasing an additional 71,555 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of UWM by 18.5% during the 2nd quarter. Rhumbline Advisers now owns 115,501 shares of the company’s stock worth $478,000 after purchasing an additional 18,034 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.