UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26. Following the transaction, the chief executive officer directly owned 3,330,431 shares in the company, valued at $11,623,204.19. The trade was a 23.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.72, for a total value of $3,722,135.28.
• On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total transaction of $3,602,066.40.
• On Wednesday, March 18th, 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 Monday, March 16th, 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 Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total transaction of $2,335,305.06.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total value of $2,474,537.34.
• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total value of $2,601,112.14.

UWM Trading Up 2.3%

NYSE UWMC opened at $3.73 on Friday. The business’s 50-day moving average price is $4.39 and its two-hundred day moving average price is $5.10. 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 firm has a market capitalization of $5.96 billion, a PE ratio of 62.08 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.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The business had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. On average, analysts expect 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. Shareholders 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 10.7%. UWM’s dividend payout ratio (DPR) is 666.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted 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 worth $25,000 after acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC grew 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 last quarter. Raymond James Financial Inc. bought a new stake in shares of UWM during the second quarter valued at approximately $35,000. Farther Finance Advisors LLC lifted its holdings 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. Finally, Advisory Services Network LLC bought a new position in UWM during the 3rd quarter valued at about $38,000. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on UWMC shares. The Goldman Sachs Group set a $5.00 price objective on UWM in a research note on Tuesday, January 6th. BTIG Research reiterated a “buy” rating and set a $10.00 price target on shares of UWM in a research report on Tuesday, March 10th. Keefe, Bruyette & Woods cut their target price on shares of UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 27th. Morgan Stanley set a $6.00 price target on shares of UWM in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group set a $4.40 price objective on UWM in a report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, UWM currently has an average rating of “Hold” and a consensus target price of $6.49.

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.