UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,003,333 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,003,333 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.39, for a total value of $3,401,298.87. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 Wednesday, May 6th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.66, for a total value of $3,672,198.78.
• On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.57, for a total value of $3,581,898.81.
• On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The shares were sold at an average price of $3.62, for a total transaction of $3,623,706.88.
• On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The stock was sold at an average price of $3.53, for a total transaction of $3,297,235.33.
• On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.50, for a total transaction of $3,502,009.00.
• On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,611,117.04.
• On Monday, April 27th, 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 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 stock was sold at an average price of $3.94, for a total value of $3,942,261.56.

UWM Stock Performance

Shares of NYSE UWMC traded up $0.01 during trading hours on Friday, reaching $3.39. The stock had a trading volume of 16,883,355 shares, compared to its average volume of 17,662,537. The firm has a market cap of $5.42 billion, a price-to-earnings ratio of 12.54 and a beta of 1.78. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM Holdings Corporation has a fifty-two week low of $3.27 and a fifty-two week high of $7.14. The firm has a 50-day moving average of $3.77 and a 200-day moving average of $4.73.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $901.43 million during the quarter, compared to analysts’ expectations of $709.85 million. UWM had a return on equity of 18.89% and a net margin of 1.92%. Equities research analysts predict that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 11.8%. UWM’s dividend payout ratio is currently 666.67%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP acquired a new position in UWM during the 4th quarter worth approximately $45,867,000. Azora Capital LP boosted its stake in shares of UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after buying an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC acquired a new position in UWM during the third quarter worth $32,630,000. Renaissance Technologies LLC purchased a new position in UWM in the fourth quarter worth $21,580,000. Finally, First Trust Advisors LP acquired a new stake in UWM in the fourth quarter valued at $19,303,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on UWMC shares. Barclays reduced their target price on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Weiss Ratings downgraded UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. BTIG Research reaffirmed a “buy” rating and set a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Compass Point started coverage on UWM in a report on Tuesday, March 10th. They issued a “buy” rating and a $8.50 target price on the stock. Finally, Keefe, Bruyette & Woods cut their price target on UWM from $5.00 to $4.50 and set a “market perform” rating for the company in a research note on Friday. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.79.

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.