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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70. Following the transaction, the chief executive officer owned 5,590,895 shares in the company, valued at approximately $28,234,019.75. This represents a 10.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total value of $3,290,944.80.
• On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.00, for a total value of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.89, for a total value of $3,727,627.86.
• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total transaction of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.87, for a total transaction of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.82, for a total transaction of $3,683,326.68.
• 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 transaction of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.46, for a total transaction of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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.

UWM Stock Up 1.2%

Shares of UWMC traded up $0.06 during trading hours on Wednesday, hitting $5.14. 21,682,996 shares of the company were exchanged, compared to its average volume of 20,256,221. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. The firm’s 50 day moving average is $5.27 and its 200-day moving average is $5.42. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14.

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

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend was Thursday, December 18th.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UWMC shares. Jefferies Financial Group began coverage on UWM in a research report on Friday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. UBS Group increased their target price on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of UWM in a research report on Wednesday, October 8th. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Finally, Morgan Stanley set a $6.00 price objective on shares of UWM in a research note on Tuesday, December 16th. Two 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 company presently has an average rating of “Hold” and a consensus price target of $6.53.

Institutional Trading of UWM

A number of hedge funds have recently modified their holdings of UWMC. Allworth Financial LP increased its position in shares of UWM by 5,681.9% during 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 during the period. GAMMA Investing LLC boosted its stake in UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after buying an additional 4,344 shares in the last quarter. Raymond James Financial Inc. bought a new stake in UWM in the 2nd quarter valued at $35,000. Farther Finance Advisors LLC raised its stake in shares of UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after buying an additional 8,027 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of UWM during the 3rd quarter worth about $38,000. 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.