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 on Wednesday, April 22nd. The stock was sold at an average price of $3.70, for a total transaction of $3,702,123.80. Following the completion of the transaction, the chief executive officer directly owned 8,320,673 shares in the company, valued at approximately $30,786,490.10. The trade was a 10.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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 value of $3,942,261.56.
• On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.93, for a total value of $3,932,255.82.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 shares were 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 stock was sold at an average price of $3.73, for a total transaction 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 transaction of $3,692,118.06.
• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total transaction 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 transaction of $3,552,037.70.

UWM Price Performance

Shares of NYSE:UWMC opened at $3.67 on Friday. The company’s fifty day moving average price is $3.96 and its 200-day moving average price is $4.84. The firm has a market capitalization of $5.86 billion, a price-to-earnings ratio of 61.08 and a beta of 1.93. UWM Holdings Corporation has a one year low of $3.38 and a one year high of $7.14. 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 posted its quarterly earnings data 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). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The company had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. On average, equities research analysts anticipate that UWM Holdings Corporation will post 0.41 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.9%. UWM’s payout ratio is 666.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on UWMC shares. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Compass Point assumed coverage on shares of UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 price target on the stock. Barclays decreased their price target on shares of UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UWM has an average rating of “Hold” and a consensus price target of $6.24.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC boosted its holdings in UWM by 203.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 57,684 shares of the company’s stock valued at $209,000 after acquiring an additional 38,685 shares during the period. Corient Private Wealth LLC increased its stake in UWM by 258.0% in the 4th quarter. Corient Private Wealth LLC now owns 103,471 shares of the company’s stock worth $453,000 after purchasing an additional 74,565 shares during the period. Caitong International Asset Management Co. Ltd lifted its position in UWM by 1,570.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,191 shares of the company’s stock valued at $53,000 after purchasing an additional 11,461 shares during the last quarter. Kera Capital Partners Inc. bought a new stake in UWM in the fourth quarter valued at approximately $47,000. Finally, Virtu Financial LLC purchased a new stake in shares of UWM during the fourth quarter valued at approximately $1,799,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.