Ishbia Mat Sells 612,287 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 612,287 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.67, for a total transaction of $3,471,667.29. Following the transaction, the chief executive officer directly owned 6,180,121 shares in the company, valued at $35,041,286.07. This represents a 9.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.78, for a total value of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.71, for a total transaction of $3,496,158.77.
• On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.80, for a total transaction of $3,551,264.60.
• On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The stock was sold at an average price of $5.85, for a total transaction of $2,556,877.05.
• On Wednesday, November 26th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.81, for a total transaction of $3,464,828.36.
• On Monday, November 24th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.21, for a total transaction of $3,107,014.76.
• On Friday, November 21st, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.09, for a total value of $3,035,452.04.
• On Wednesday, November 19th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $4.96, for a total value of $2,957,925.76.
• On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.94, for a total value of $2,945,998.64.
• On Thursday, November 13th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.27, for a total value of $3,142,796.12.

UWM Stock Performance

UWM stock opened at $5.52 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14. The business’s 50-day moving average price is $5.53 and its two-hundred day moving average price is $5.14.

UWM (NYSE:UWMC) last posted its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. On average, sell-side analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 7.3%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UWMC shares. Barclays upped their price target on shares of UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Wall Street Zen cut UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Finally, Morgan Stanley lowered shares of UWM from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $4.50 to $6.50 in a report on Monday, September 29th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.54.

Institutional Investors Weigh In On UWM

A number of institutional investors have recently made changes to their positions in the stock. Allworth Financial LP increased its stake in shares of UWM by 5,681.9% in the third 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 period. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 4,344 shares during the last quarter. Advisory Services Network LLC acquired a new stake in UWM during the 3rd quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new stake in UWM during the 2nd quarter valued at approximately $35,000. Finally, Quarry LP bought a new position in UWM during the 1st quarter worth approximately $53,000. Institutional investors own 53.59% of the company’s stock.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.