UWM (NYSE:UWMC) CEO Sells $3,683,326.68 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $5.82, for a total value of $3,683,326.68. Following the completion of the sale, the chief executive officer owned 5,952,509 shares of the company’s stock, valued at $34,643,602.38. This represents a 9.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total value of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.46, for a total value of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.35, for a total transaction of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total transaction of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total transaction of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.43, for a total transaction of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total transaction of $2,797,303.08.
• On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total transaction of $2,765,659.38.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.57, for a total value of $2,892,234.18.

UWM Stock Down 0.4%

Shares of UWM stock opened at $5.78 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. The business has a 50-day moving average of $5.22 and a two-hundred day moving average of $5.34. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The business had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. Analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.9%.

Analyst Ratings Changes

A number of brokerages recently weighed in on UWMC. UBS Group upped their target price on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Wall Street Zen cut UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. The Goldman Sachs Group set a $5.00 target price on UWM in a research report on Tuesday, January 6th. Jefferies Financial Group assumed coverage on UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.53.

Institutional Trading of UWM

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new position in UWM in the first quarter valued at approximately $92,000. Focus Partners Wealth acquired a new stake in shares of UWM in the 1st quarter valued at approximately $55,000. Parallel Advisors LLC grew its stake in shares of UWM by 94.6% in the second quarter. Parallel Advisors LLC now owns 29,533 shares of the company’s stock valued at $122,000 after buying an additional 14,358 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of UWM by 44.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 171,438 shares of the company’s stock valued at $730,000 after buying an additional 52,718 shares in the last quarter. Finally, Park Avenue Securities LLC acquired a new position in UWM during the second quarter worth $72,000. 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.