UWM (NYSE:UWMC) CEO Sells $3,782,169.72 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72. Following the sale, the chief executive officer directly owned 5,318,951 shares in the company, valued at $20,105,634.78. This trade represents a 15.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.75, for a total transaction of $3,752,152.50.
• On Wednesday, April 22nd, 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 Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total transaction of $3,942,261.56.
• On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.93, for a total transaction of $3,932,255.82.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72.
• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,662,100.84.
• On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.71, for a total transaction of $3,712,129.54.
• On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total transaction of $3,872,221.38.
• 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 transaction 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 transaction of $3,692,118.06.

UWM Stock Performance

NYSE UWMC traded down $0.04 on Monday, reaching $3.75. 11,791,511 shares of the company’s stock traded hands, compared to its average volume of 11,720,517. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 62.42 and a beta of 1.93. The stock has a 50 day moving average price of $3.92 and a 200-day moving average price of $4.80. UWM Holdings Corporation has a fifty-two week low of $3.38 and a fifty-two week high of $7.14. 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 posted its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 0.87% and a negative return on equity of 1.35%. Equities research analysts predict that UWM Holdings Corporation will post 0.41 EPS for the current fiscal year.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. UWM’s payout ratio is currently 666.67%.

Analysts Set New Price Targets

A number of research firms recently issued reports on UWMC. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Stephens began coverage on shares of UWM in a research report on Friday. They set an “equal weight” rating and a $4.00 target price for the company. BTIG Research restated a “buy” rating and set a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Finally, Compass Point began coverage on shares of UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price for the company. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, UWM has an average rating of “Hold” and an average target price of $5.99.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. HB Wealth Management LLC raised its position in shares of UWM by 60.8% in the first quarter. HB Wealth Management LLC now owns 28,068 shares of the company’s stock worth $102,000 after acquiring an additional 10,609 shares during the period. Baer Investment Advisory LLC acquired a new position in shares of UWM in the first quarter worth about $92,000. Keybank National Association OH acquired a new position in shares of UWM in the first quarter worth about $86,000. Sage Investment Counsel LLC acquired a new position in shares of UWM in the first quarter worth about $62,000. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of UWM by 203.6% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 57,684 shares of the company’s stock worth $209,000 after acquiring an additional 38,685 shares during the period. Institutional investors and hedge funds 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.