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 business’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $4.94, for a total transaction of $3,126,397.56. Following the sale, the chief executive officer directly owned 1,160,777 shares of the company’s stock, valued at $5,734,238.38. This represents a 35.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.88, for a total value of $3,088,425.12.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.66, for a total value of $2,949,192.84.
• On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total value of $2,917,549.14.
• On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.84, for a total transaction of $3,063,110.16.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total transaction of $3,290,944.80.
• On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.00, for a total transaction of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.89, for a total transaction of $3,727,627.86.
• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.75, for a total transaction 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.

UWM Stock Down 0.5%

UWMC stock opened at $4.78 on Friday. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50 day simple moving average of $5.06 and a 200-day simple moving average of $5.45.

Institutional Trading of UWM

Hedge funds have recently made changes to their positions in the business. Brandes Investment Partners LP acquired a new position in shares of UWM in the fourth quarter valued at approximately $45,867,000. Azora Capital LP raised its stake in shares of UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in UWM in the third quarter valued at $32,630,000. Renaissance Technologies LLC acquired a new position in UWM during the 4th quarter worth $21,580,000. Finally, 683 Capital Management LLC purchased a new stake in UWM during the 2nd quarter worth about $19,872,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research report on Tuesday, January 6th. Morgan Stanley set a $6.00 target price on shares of UWM in a research note on Tuesday, December 16th. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Jefferies Financial Group started coverage on shares of UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 price target for the company. Finally, Keefe, Bruyette & Woods lifted their price target on shares of UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.53.

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.