UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72. Following the sale, the chief executive officer directly owned 5,318,951 shares of the company’s stock, valued at approximately $20,105,634.78. This trade represents a 15.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.75, for a total transaction of $3,752,152.50.
- On Wednesday, April 22nd, 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 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 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 shares were 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 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.
UWM Stock Down 0.9%
Shares of NYSE UWMC opened at $3.75 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 62.42 and a beta of 1.93. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The stock has a 50-day moving average price of $3.92 and a two-hundred day moving average price of $4.80.
UWM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a $0.10 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. UWM’s dividend payout ratio (DPR) is currently 666.67%.
Analysts Set New Price Targets
Several brokerages have recently issued reports on UWMC. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a report on Tuesday, January 6th. BTIG Research reissued a “buy” rating and set a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Compass Point began coverage on UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 price objective on the stock. Stephens initiated coverage on UWM in a report on Friday. They issued an “equal weight” rating and a $4.00 target price for the company. Finally, Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UWM currently has a consensus rating of “Hold” and an average target price of $5.99.
Check Out Our Latest Report on UWM
Hedge Funds Weigh In On UWM
Large investors have recently modified their holdings of the business. Allworth Financial LP increased its holdings in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares during the period. GAMMA Investing LLC lifted its holdings 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 buying an additional 4,344 shares during the period. Advisory Services Network LLC bought a new stake in shares of UWM in the 3rd quarter valued at about $38,000. Raymond James Financial Inc. bought a new stake in shares of UWM in the 2nd quarter valued at about $35,000. Finally, Farther Finance Advisors LLC increased its stake in shares of UWM by 1,410.7% in the fourth 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 period. 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.
Further Reading
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