Insider Selling: UWM (NYSE:UWMC) CEO Sells $3,727,627.86 in Stock

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $5.89, for a total value of $3,727,627.86. Following the completion of the transaction, the chief executive officer directly owned 2,155,265 shares of the company’s stock, valued at approximately $12,694,510.85. The trade was a 22.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $3,639,025.50.
  • 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 value of $3,714,970.38.
  • On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.82, for a total value of $3,683,326.68.
  • On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 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 stock was 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 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 shares were sold at an average price of $4.42, for a total value of $2,797,303.08.

UWM Price Performance

UWMC stock opened at $4.90 on Friday. 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 Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The business has a 50-day moving average of $5.28 and a 200-day moving average of $5.39.

UWM (NYSE:UWMCGet Free Report) last released its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. On average, equities analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 8.2%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays raised their price objective on UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Jefferies Financial Group started coverage on UWM in a research report on Friday, December 19th. They set a “hold” rating and a $5.00 price target on the stock. Wall Street Zen cut UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Finally, UBS Group raised their target price on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.53.

Read Our Latest Report on UWM

Institutional Trading of UWM

Hedge funds have recently made changes to their positions in the business. Allworth Financial LP increased its holdings in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares during the last quarter. GAMMA Investing LLC boosted its position in UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares during the period. Advisory Services Network LLC acquired a new position in shares of UWM in the third quarter valued at $38,000. Raymond James Financial Inc. acquired a new position in shares of UWM in the second quarter valued at $35,000. Finally, Farther Finance Advisors LLC raised its position in shares of UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the period. 53.59% of the stock is owned by institutional investors and hedge funds.

UWM Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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