Ishbia Mat Sells 632,874 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $5.89, for a total transaction of $3,727,627.86. Following the completion of the sale, the chief executive officer owned 2,155,265 shares in the company, valued at approximately $12,694,510.85. This trade represents a 22.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total value of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.87, for a total value of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.82, for a total transaction of $3,683,326.68.
• On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total transaction of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.46, for a total value of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.35, for a total value of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total transaction of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total transaction of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.43, for a total value of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.

UWM Trading Down 3.2%

NYSE UWMC opened at $5.70 on Friday. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The company has a 50-day moving average price of $5.29 and a 200-day moving average price of $5.38.

UWM (NYSE:UWMC) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The business had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. As a group, analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently bought and sold shares of UWMC. Allworth Financial LP grew its position in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC increased its position in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing 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. purchased a new stake in shares of UWM in the 2nd quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares in the last quarter. 53.59% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UWMC has been the topic of several research analyst reports. Jefferies Financial Group started coverage on UWM in a research report on Friday, December 19th. They issued a “hold” rating and a $5.00 price objective on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a research report on Wednesday, October 8th. Morgan Stanley set a $6.00 price objective on UWM in a research note on Tuesday, December 16th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research report on Tuesday, January 6th. Finally, Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, UWM presently has an average rating of “Hold” and a consensus price target of $6.53.

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.