UWM Holdings Corporation (NYSE:UWMC – Get 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 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.
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
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.
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