UWM (NYSE:UWMC) CEO Sells $2,474,537.34 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $3.91, for a total transaction of $2,474,537.34. Following the completion of the transaction, the chief executive officer directly owned 3,601,919 shares in the company, valued at $14,083,503.29. This represents a 14.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $2,392,263.72.
• On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total value of $2,601,112.14.
• On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.25, for a total value of $2,689,714.50.
• On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.03, for a total value of $2,550,482.22.
• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.52, for a total value of $2,860,590.48.
• On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.77, for a total value of $3,018,808.98.
• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12.
• On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.94, for a total value of $3,126,397.56.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 stock was sold at an average price of $4.61, for a total transaction of $2,917,549.14.

UWM Price Performance

Shares of NYSE UWMC opened at $3.66 on Friday. The firm has a 50-day simple moving average of $4.88 and a 200-day simple moving average of $5.35. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $5.85 billion, a price-to-earnings ratio of 60.92 and a beta of 1.90. UWM Holdings Corporation has a 52 week low of $3.62 and a 52 week high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The business had revenue of $945.25 million for the quarter, compared to analyst estimates of $759.12 million. On average, equities analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s dividend payout ratio (DPR) is 666.67%.

Institutional Trading of UWM

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. GAMMA Investing LLC increased 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 acquiring an additional 4,344 shares during the last quarter. Advisory Services Network LLC acquired a new stake in UWM during the third quarter worth $38,000. Raymond James Financial Inc. purchased a new stake in UWM in the second quarter valued at $35,000. Finally, Farther Finance Advisors LLC raised its position in UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after purchasing an additional 8,027 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Compass Point assumed coverage on UWM in a research report on Tuesday. They issued a “buy” rating and a $8.50 price target for the company. Weiss Ratings raised UWM from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 26th. Keefe, Bruyette & Woods dropped their target price on UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 27th. Barclays cut their target price on UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Finally, Zacks Research lowered UWM from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.49.

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.