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 firm’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70. Following the completion of the transaction, the chief executive officer owned 2,329,857 shares in the company, valued at $8,270,992.35. This represents a 30.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26.
• 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 stock was sold at an average price of $3.72, for a total value 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 value of $3,602,066.40.
• On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 stock was 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 shares were 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 Price Performance

Shares of UWMC stock opened at $3.73 on Friday. UWM Holdings Corporation has a 12-month low of $3.38 and a 12-month high of $7.14. The firm 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. The firm has a fifty day moving average of $4.35 and a 200-day moving average of $5.08.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $945.25 million for the quarter, compared to analyst estimates of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. On average, equities research analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. UWM’s dividend payout ratio (DPR) is currently 666.67%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UWMC. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods reduced their price target on shares of UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 27th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research report on Tuesday, January 6th. Finally, Compass Point assumed coverage on shares of UWM in a research note on Tuesday, March 10th. They issued a “buy” rating and a $8.50 target price for the company. 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.49.

Hedge Funds Weigh In On UWM

A number of large investors have recently modified their holdings of the business. Integrated Investment Consultants LLC bought a new position in UWM in the third quarter valued at approximately $32,630,000. Tudor Investment Corp ET AL bought a new stake in shares of UWM during the 3rd quarter worth approximately $12,237,000. Vanguard Group Inc. boosted its holdings in shares of UWM by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after buying an additional 1,010,907 shares during the last quarter. Alight Capital Management LP bought a new position in shares of UWM in the third quarter valued at $3,958,000. Finally, Oak Thistle LLC bought a new position in shares of UWM in the third quarter valued at $1,337,000. 53.59% of the stock is currently 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.