UWM (NYSE:UWMC) CEO Sells $3,196,013.70 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $5.05, for a total value of $3,196,013.70. Following the completion of the sale, the chief executive officer directly owned 5,590,895 shares of the company’s stock, valued at $28,234,019.75. The trade was a 10.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.20, for a total transaction of $3,290,944.80.
• On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.00, for a total value of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.89, for a total value of $3,727,627.86.
• 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 transaction 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 value 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 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 value of $3,335,245.98.

UWM Stock Down 7.8%

UWMC opened at $4.75 on Friday. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The firm’s fifty day simple moving average is $5.22 and its two-hundred day simple moving average is $5.42.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in UWM by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after purchasing an additional 1,676,754 shares during the period. Balyasny Asset Management L.P. increased its holdings in UWM by 116.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after purchasing an additional 3,224,806 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in shares of UWM in the 3rd quarter valued at about $32,630,000. Bank of America Corp DE increased its holdings in shares of UWM by 40.5% in the 3rd quarter. Bank of America Corp DE now owns 5,279,523 shares of the company’s stock valued at $32,152,000 after acquiring an additional 1,520,923 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of UWM by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock worth $30,382,000 after purchasing an additional 3,109,591 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Morgan Stanley set a $6.00 price objective on UWM in a research report on Tuesday, December 16th. Jefferies Financial Group assumed coverage on UWM in a research report on Friday, December 19th. They issued a “hold” rating and a $5.00 target price for the company. Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Finally, UBS Group upped their price target on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Two investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.