UWM (NYSE:UWMC) CEO Sells $3,822,558.96 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $6.04, for a total transaction of $3,822,558.96. Following the completion of the transaction, the chief executive officer directly owned 6,585,383 shares in the company, valued at $39,775,713.32. This trade represents a 8.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.82, for a total value of $3,683,326.68.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value 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 value of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was 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 transaction 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 transaction of $2,892,234.18.

UWM Stock Performance

UWM stock opened at $5.78 on Friday. The firm has a 50 day simple moving average of $5.22 and a 200-day simple moving average of $5.34. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14.

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

UWM Dividend Announcement

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

Hedge Funds Weigh In On UWM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position 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 worth $38,000 after acquiring an additional 8,027 shares during the period. Third View Private Wealth LLC acquired a new stake in UWM in the 4th quarter valued at about $132,000. Transcend Capital Advisors LLC acquired a new stake in UWM in the 4th quarter valued at about $50,000. Choreo LLC boosted its stake in shares of UWM by 16.1% in the 4th quarter. Choreo LLC now owns 19,017 shares of the company’s stock valued at $84,000 after buying an additional 2,637 shares during the period. Finally, Victory Financial Group LLC acquired a new position in shares of UWM during the fourth quarter worth about $109,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on UWMC shares. Morgan Stanley set a $6.00 target price on shares of UWM in a research note on Tuesday, December 16th. Keefe, Bruyette & Woods increased their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Finally, The Goldman Sachs Group set a $5.00 price objective on UWM in a research note on Tuesday, January 6th. Two equities research 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $6.53.

About UWM

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.