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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $4.66, for a total transaction of $2,949,192.84. Following the completion of the transaction, the chief executive officer directly owned 2,426,525 shares in the company, valued at approximately $11,307,606.50. The trade was a 20.69% decrease in their position. The transaction 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 Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total transaction of $2,917,549.14.
• On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.84, for a total transaction of $3,063,110.16.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.05, for a total value of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 shares were 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 stock was 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 shares were 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 shares were sold at an average price of $6.04, for a total transaction of $3,822,558.96.

UWM Price Performance

UWMC stock traded up $0.02 during trading on Thursday, reaching $4.69. The company’s stock had a trading volume of 10,849,702 shares, compared to its average volume of 19,418,063. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The company’s fifty day moving average is $5.16 and its 200-day moving average is $5.43. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Jefferies Financial Group started coverage on UWM in a report on Friday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. UBS Group boosted their price target on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Morgan Stanley set a $6.00 price objective on shares of UWM in a report on Tuesday, December 16th. Finally, Keefe, Bruyette & Woods lifted their target price on UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $6.53.

Hedge Funds Weigh In On UWM

Institutional investors have recently bought and sold shares of the business. DRW Securities LLC lifted its stake in shares of UWM by 190.6% during the 4th quarter. DRW Securities LLC now owns 77,063 shares of the company’s stock worth $338,000 after acquiring an additional 50,541 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of UWM by 10.4% during the fourth quarter. MetLife Investment Management LLC now owns 2,647,242 shares of the company’s stock valued at $11,595,000 after purchasing an additional 250,326 shares during the period. Renaissance Technologies LLC purchased a new position in UWM in the 4th quarter worth about $21,580,000. Dimensional Fund Advisors LP lifted its holdings in UWM by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock valued at $243,000 after buying an additional 2,329 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in UWM in the 4th quarter valued at about $284,000. Institutional investors 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.