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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $4.77, for a total transaction of $3,018,808.98. Following the completion of the transaction, the chief executive officer directly owned 5,862,155 shares of the company’s stock, valued at $27,962,479.35. The trade was a 9.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.52, for a total transaction of $2,860,590.48.
• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total transaction of $3,088,425.12.
• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $3,126,397.56.
• 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 transaction 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 value of $3,063,110.16.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.05, for a total value of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.20, for a total value 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 value of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.89, for a total value of $3,727,627.86.

UWM Trading Down 2.3%

UWM stock opened at $4.52 on Tuesday. The stock has a 50-day moving average price of $5.03 and a 200 day moving average price of $5.47. 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake 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 acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC increased its position in shares of UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after buying an additional 4,344 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of UWM during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its position in shares of UWM by 1,410.7% during the 4th 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 in the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of UWM during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on UWMC. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Morgan Stanley set a $6.00 price target on shares of UWM in a report on Tuesday, December 16th. The Goldman Sachs Group set a $5.00 price target on UWM in a research report on Tuesday, January 6th. UBS Group lifted their price objective on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Finally, Keefe, Bruyette & Woods boosted their price objective on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently 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.