UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70. Following the completion of the sale, the chief executive officer directly owned 5,331,579 shares of the company’s stock, valued at approximately $18,927,105.45. This represents a 15.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total value of $3,722,135.28.
  • On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total value of $3,602,066.40.
  • On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
  • On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total value of $3,702,123.80.
  • On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total transaction of $2,335,305.06.
  • On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.91, for a total transaction of $2,474,537.34.
  • On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $2,392,263.72.
  • On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total transaction of $2,601,112.14.
  • On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total transaction of $2,689,714.50.
  • On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.03, for a total transaction of $2,550,482.22.

UWM Trading Down 2.1%

Shares of UWM stock traded down $0.08 during mid-day trading on Wednesday, hitting $3.54. The stock had a trading volume of 11,252,529 shares, compared to its average volume of 19,542,063. The firm has a 50-day moving average of $4.71 and a two-hundred day moving average of $5.24. UWM Holdings Corporation has a 12-month low of $3.46 and a 12-month high of $7.14. 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 firm has a market cap of $5.66 billion, a P/E ratio of 58.92 and a beta of 1.90.

UWM (NYSE:UWMCGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The firm had revenue of $945.25 million for the quarter, compared to analysts’ expectations of $759.12 million. Sell-side analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

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 given a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 11.3%. UWM’s payout ratio is currently 666.67%.

Analysts Set New Price Targets

UWMC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 27th. Weiss Ratings upgraded shares of UWM from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, February 26th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Jefferies Financial Group set a $4.40 price target on shares of UWM in a research report on Wednesday, February 25th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $6.49.

Get Our Latest Analysis on UWM

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of 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 buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC lifted its stake in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after acquiring an additional 4,344 shares in the last quarter. Advisory Services Network LLC purchased a new position in UWM during the 3rd quarter valued at about $38,000. Raymond James Financial Inc. purchased a new position in UWM during the 2nd quarter valued at about $35,000. Finally, Farther Finance Advisors LLC grew its position in 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 acquiring an additional 8,027 shares in the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

UWM Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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