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 stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $5.75, for a total value of $3,639,025.50. Following the sale, the chief executive officer directly owned 3,421,013 shares of the company’s stock, valued at approximately $19,670,824.75. The trade was a 15.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.87, for a total transaction of $3,714,970.38.
• 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 shares were 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 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 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 stock was 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 Trading Up 1.3%

NYSE:UWMC opened at $5.86 on Wednesday. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The business has a 50 day moving average price of $5.25 and a two-hundred day moving average price of $5.38. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40.

UWM (NYSE:UWMC) last announced 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 business had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. Equities analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Thursday, December 18th.

Analyst Ratings Changes

Several analysts recently issued reports on UWMC shares. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Jefferies Financial Group initiated coverage on UWM in a research note on Friday, December 19th. They set a “hold” rating and a $5.00 price objective on the stock. Barclays raised their target price on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Morgan Stanley set a $6.00 price target on shares of UWM in a research report on Tuesday, December 16th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, UWM presently has a consensus rating of “Hold” and a consensus target price of $6.53.

Hedge Funds Weigh In On UWM

Several large investors have recently modified their holdings of the stock. Evergreen Capital Management LLC boosted its holdings in shares of UWM by 16.5% during the 4th quarter. Evergreen Capital Management LLC now owns 30,192 shares of the company’s stock worth $135,000 after buying an additional 4,279 shares during the period. Krilogy Financial LLC boosted its holdings in shares of UWM by 103.3% during the fourth quarter. Krilogy Financial LLC now owns 28,514 shares of the company’s stock worth $125,000 after acquiring an additional 14,488 shares during the period. Merit Financial Group LLC grew its position in shares of UWM by 105.9% in the fourth quarter. Merit Financial Group LLC now owns 26,481 shares of the company’s stock valued at $116,000 after purchasing an additional 13,621 shares during the last quarter. Parcion Private Wealth LLC acquired a new position in shares of UWM in the fourth quarter valued at approximately $47,000. Finally, CWM LLC increased its stake in shares of UWM by 181.6% during the fourth quarter. CWM LLC now owns 223,754 shares of the company’s stock worth $980,000 after purchasing an additional 144,284 shares during the period. 53.59% of the stock is owned by institutional investors.

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.