UWM (NYSE:UWMC) CEO Ishbia Mat Sells 632,874 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.82, for a total value of $3,683,326.68. Following the transaction, the chief executive officer directly owned 5,952,509 shares of the company’s stock, valued at approximately $34,643,602.38. The trade was a 9.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total value of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 stock was 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 shares were 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 transaction of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total transaction of $2,797,303.08.
• 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 shares were sold at an average price of $4.42, for a total transaction of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.57, for a total value of $2,892,234.18.

UWM Stock Up 0.5%

Shares of UWMC stock opened at $5.80 on Thursday. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14. The stock’s 50 day simple moving average is $5.19 and its two-hundred day simple moving average is $5.32. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45.

UWM (NYSE:UWMC) last released its quarterly earnings results 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). The company had revenue of $151.14 million for the quarter, compared to analysts’ expectations of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. Equities research analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 6.9%. The ex-dividend date was Thursday, December 18th.

Wall Street Analyst Weigh In

UWMC has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. UBS Group increased their price target on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price objective on UWM from $6.50 to $6.75 and gave the company a “market perform” rating in a research report on Thursday, December 18th. Finally, Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. Two 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $6.53.

Institutional Trading of UWM

A number of institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in UWM in the first quarter valued at approximately $92,000. Focus Partners Wealth purchased a new stake in UWM during the 1st quarter valued at about $55,000. Parallel Advisors LLC boosted its position in UWM by 94.6% in the second quarter. Parallel Advisors LLC now owns 29,533 shares of the company’s stock valued at $122,000 after buying an additional 14,358 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of UWM by 44.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 171,438 shares of the company’s stock worth $730,000 after acquiring an additional 52,718 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in UWM during the 2nd quarter worth about $72,000. 53.59% of the stock is currently owned by institutional investors.

About UWM

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.