UWM (NYSE:UWMC) CEO Sells $3,872,221.38 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $3.87, for a total value of $3,872,221.38. Following the sale, the chief executive officer owned 7,326,413 shares of the company’s stock, valued at $28,353,218.31. This represents a 12.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
• On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
• 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 Tuesday, March 31st, 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 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 value of $3,722,135.28.
• On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 value 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 value 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 value of $2,335,305.06.

UWM Trading Up 7.9%

UWMC stock traded up $0.29 during trading on Wednesday, hitting $3.91. 16,567,423 shares of the company traded hands, compared to its average volume of 18,794,273. The firm has a market capitalization of $6.25 billion, a PE ratio of 65.08 and a beta of 1.93. UWM Holdings Corporation has a 1 year low of $3.38 and a 1 year high of $7.14. The company has a 50-day moving average of $4.26 and a 200-day moving average of $5.02. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52.

UWM (NYSE:UWMC) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share 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 business had revenue of $945.25 million during the quarter, compared to analysts’ expectations of $759.12 million. Analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.2%. UWM’s dividend payout ratio (DPR) is 666.67%.

Analyst Ratings Changes

Several equities research analysts have weighed in on UWMC shares. Argus upgraded UWM to a “hold” rating in a report on Tuesday, March 31st. Jefferies Financial Group set a $4.40 price objective on UWM in a report on Wednesday, February 25th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Morgan Stanley set a $6.00 price objective on UWM in a report on Tuesday, December 16th. Finally, Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $6.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UWMC. Brandes Investment Partners LP purchased a new position in shares of UWM in the 4th quarter valued at approximately $45,867,000. Azora Capital LP lifted its stake in shares of UWM by 230.8% in the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after purchasing an additional 7,881,586 shares during the period. Integrated Investment Consultants LLC purchased a new position in shares of UWM in the 3rd quarter valued at approximately $32,630,000. Renaissance Technologies LLC purchased a new position in shares of UWM in the 4th quarter valued at approximately $21,580,000. Finally, 683 Capital Management LLC purchased a new position in shares of UWM in the 2nd quarter valued at approximately $19,872,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.