Ishbia Mat Sells 632,874 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Thursday, January 22nd. The shares were sold at an average price of $5.87, for a total transaction of $3,714,970.38. Following the completion of the transaction, the chief executive officer directly owned 4,686,761 shares in the company, valued at $27,511,287.07. This represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.75, for a total transaction of $3,639,025.50.
• 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 transaction of $3,683,326.68.
• 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 transaction of $3,822,558.96.
• 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 transaction of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was 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 shares were 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 value of $2,803,631.82.
• On Friday, January 2nd, 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 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 value of $2,765,659.38.

UWM Stock Up 1.3%

Shares of NYSE UWMC opened at $5.86 on Wednesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $7.14. The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.38.

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). 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 for the quarter, compared to analysts’ expectations of $651.51 million. As a group, equities analysts forecast 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 was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, December 18th.

Hedge Funds Weigh In On UWM

Several institutional investors and hedge funds have recently modified their holdings of UWMC. Choreo LLC grew its stake in UWM by 16.1% in the 4th quarter. Choreo LLC now owns 19,017 shares of the company’s stock worth $84,000 after acquiring an additional 2,637 shares during the period. State of Wyoming boosted its holdings in shares of UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after purchasing an additional 2,902 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of UWM by 8.1% during the third quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock worth $309,000 after purchasing an additional 3,785 shares during the last quarter. Allworth Financial LP increased its stake in 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 purchasing an additional 4,091 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its stake in UWM by 16.5% in the fourth quarter. Evergreen Capital Management LLC now owns 30,192 shares of the company’s stock valued at $135,000 after purchasing an additional 4,279 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on UWMC shares. Keefe, Bruyette & Woods upped their target price on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a report on Thursday, December 18th. Weiss Ratings reissued a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Morgan Stanley set a $6.00 target price on shares of UWM in a report on Tuesday, December 16th. Barclays upped their price target on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group began coverage on shares of UWM in a research note on Friday, December 19th. They set a “hold” rating and a $5.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.53.

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.