Ishbia Mat Sells 1,000,574 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Friday, March 27th. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26. Following the completion of the transaction, the chief executive officer owned 3,330,431 shares of the company’s stock, valued at $11,623,204.19. This represents a 23.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.72, for a total transaction of $3,722,135.28.
• On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.60, for a total transaction of $3,602,066.40.
• On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total transaction of $3,732,141.02.
• On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80.
• On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total transaction of $2,335,305.06.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.91, for a total transaction of $2,474,537.34.
• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.78, for a total transaction of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total transaction of $2,601,112.14.

UWM Stock Performance

NYSE UWMC opened at $3.73 on Friday. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 62.08 and a beta of 1.93. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM Holdings Corporation has a twelve month low of $3.38 and a twelve month high of $7.14. The stock has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $5.08.

UWM (NYSE:UWMC) last announced its earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The company had revenue of $945.25 million for the quarter, compared to analyst estimates of $759.12 million. Sell-side analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s payout ratio is currently 666.67%.

Hedge Funds Weigh In On UWM

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of UWM during the 1st quarter worth approximately $92,000. Focus Partners Wealth acquired a new position in shares of UWM during the 1st quarter valued at $55,000. Geode Capital Management LLC boosted its stake in UWM by 47.5% during the second quarter. Geode Capital Management LLC now owns 2,414,282 shares of the company’s stock worth $9,997,000 after acquiring an additional 777,264 shares in the last quarter. Creative Planning boosted its stake in UWM by 300.2% during the second quarter. Creative Planning now owns 135,816 shares of the company’s stock worth $562,000 after acquiring an additional 101,883 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in UWM by 20.5% in the second quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock worth $468,000 after purchasing an additional 19,239 shares during the period. 53.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UWMC has been the subject of several analyst reports. Barclays lowered their price target on shares of UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Argus upgraded shares of UWM to a “hold” rating in a research report on Tuesday. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a report on Tuesday, January 6th. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.49.

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.