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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $3.78, for a total transaction of $2,392,263.72. Following the completion of the sale, the chief executive officer directly owned 4,867,667 shares of the company’s stock, valued at $18,399,781.26. The trade was a 11.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total transaction of $2,601,112.14.
• On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total value of $2,689,714.50.
• On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.03, for a total value of $2,550,482.22.
• 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 value of $2,860,590.48.
• On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.77, for a total value of $3,018,808.98.
• 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 value of $3,088,425.12.
• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.94, for a total value of $3,126,397.56.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 stock was sold at an average price of $4.61, for a total transaction of $2,917,549.14.
• On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.84, for a total transaction of $3,063,110.16.

UWM Stock Performance

NYSE UWMC opened at $3.88 on Tuesday. UWM Holdings Corporation has a 52-week low of $3.64 and a 52-week high of $7.14. The company has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $5.39. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $6.21 billion, a PE ratio of 64.73 and a beta of 1.90.

UWM (NYSE:UWMC) last released its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The company had revenue of $945.25 million during the quarter, compared to analysts’ expectations of $759.12 million. On average, research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.3%. UWM’s dividend payout ratio is presently 666.67%.

Hedge Funds Weigh In On UWM

A number of large investors have recently made changes to their positions in the stock. Brandes Investment Partners LP purchased a new stake in UWM during the 4th quarter worth about $45,867,000. Azora Capital LP grew its holdings in UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after buying an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC purchased a new position in UWM during the 3rd quarter valued at about $32,630,000. Renaissance Technologies LLC bought a new stake in shares of UWM during the fourth quarter valued at about $21,580,000. Finally, 683 Capital Management LLC bought a new stake in shares of UWM during the second quarter valued at about $19,872,000. 53.59% of the stock is owned by institutional investors.

Analyst Ratings Changes

UWMC has been the subject of a number of recent research reports. The Goldman Sachs Group set a $5.00 target price on UWM in a research report on Tuesday, January 6th. Zacks Research cut UWM from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. UBS Group increased their price target on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Barclays lowered their price objective on UWM from $7.00 to $6.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Morgan Stanley set a $6.00 price objective on shares of UWM in a report on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.20.

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.