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 the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06. Following the completion of the sale, the chief executive officer directly owned 10,328,135 shares of the company’s stock, valued at $38,110,818.15. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, 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 Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26.
• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 value 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 value of $3,702,123.80.
• On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $2,335,305.06.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.91, for a total value of $2,474,537.34.

UWM Trading Up 0.4%

UWMC opened at $3.74 on Tuesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. UWM Holdings Corporation has a fifty-two week low of $3.38 and a fifty-two week high of $7.14. The firm has a market capitalization of $5.98 billion, a PE ratio of 62.27 and a beta of 1.93. The company’s 50-day moving average is $4.31 and its 200 day moving average is $5.04.

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

UWM Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. UWM’s payout ratio is 666.67%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays cut their price target on UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods cut their price target on UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 27th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Jefferies Financial Group set a $4.40 price target on UWM in a research note on Wednesday, February 25th. Three 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $6.36.

Institutional Investors Weigh In On UWM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP increased its stake in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares during the last quarter. GAMMA Investing LLC increased its stake in UWM by 408.7% in the 3rd 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in UWM in the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC increased its stake in UWM by 1,410.7% in 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 during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in UWM in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.