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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12. Following the completion of the sale, the chief executive officer owned 7,127,903 shares in the company, valued at approximately $34,784,166.64. This trade represents a 8.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $3,126,397.56.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.66, for a total transaction of $2,949,192.84.
• 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 shares were sold at an average price of $5.05, for a total transaction 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 transaction 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 transaction of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.87, for a total value of $3,714,970.38.

UWM Stock Down 0.5%

UWMC opened at $4.82 on Thursday. 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 business has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $5.45. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $7.14.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 price target on the stock. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Morgan Stanley set a $6.00 target price on shares of UWM in a report on Tuesday, December 16th. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Finally, Keefe, Bruyette & Woods increased their price target on UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $6.53.

Hedge Funds Weigh In On UWM

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oak Thistle LLC acquired a new position in shares of UWM during the third quarter worth $1,337,000. Hsbc Holdings PLC bought a new stake in UWM during the 2nd quarter worth $792,000. AGF Management Ltd. bought a new stake in UWM during the 2nd quarter worth $3,072,000. 683 Capital Management LLC acquired a new position in UWM in the 2nd quarter worth about $19,872,000. Finally, Capital Fund Management S.A. raised its position in UWM by 260.9% in the second quarter. Capital Fund Management S.A. now owns 573,583 shares of the company’s stock valued at $2,375,000 after purchasing an additional 414,667 shares during the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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.