UWM (NYSE:UWMC) CEO Sells $2,797,303.08 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $4.42, for a total transaction of $2,797,303.08. Following the completion of the sale, the chief executive officer owned 6,314,123 shares in the company, valued at approximately $27,908,423.66. The trade was a 9.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total transaction of $2,765,659.38.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.57, for a total value of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was sold at an average price of $4.66, for a total transaction of $2,096,986.02.
• On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $1,891,670.10.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.47, for a total value of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.60, for a total value of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.67, for a total value of $3,471,667.29.
• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.78, for a total value of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.71, for a total value of $3,496,158.77.

UWM Stock Performance

Shares of NYSE UWMC opened at $4.42 on Monday. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14. The firm’s 50-day simple moving average is $5.26 and its 200 day simple moving average is $5.23. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40.

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

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, December 18th.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on UWMC shares. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Keefe, Bruyette & Woods upped their target price on shares of UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Jefferies Financial Group assumed coverage on shares of UWM in a research report on Friday, December 19th. They set a “hold” rating and a $5.00 price target for the company. BTIG Research restated a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Monday, September 22nd. Finally, Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $6.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UWMC. Allworth Financial LP increased its stake in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after purchasing an additional 4,091 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after buying an additional 4,344 shares during the period. Raymond James Financial Inc. bought a new stake in shares of UWM in the 2nd quarter valued at $35,000. Advisory Services Network LLC bought a new stake in shares of UWM in the 3rd quarter valued at $38,000. Finally, R Squared Ltd acquired a new stake in UWM during the 2nd quarter worth $51,000. Institutional investors own 53.59% of the company’s stock.

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.