UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,001,024 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $3.62, for a total value of $3,623,706.88. Following the transaction, the chief executive officer owned 5,002,420 shares in the company, valued at $18,108,760.40. This represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.57, for a total value of $3,581,898.81.
- On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The shares were sold at an average price of $3.53, for a total value of $3,297,235.33.
- On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.50, for a total value of $3,502,009.00.
- On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value of $3,611,117.04.
- On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.
- On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.75, for a total value of $3,752,152.50.
- On Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total value of $3,702,123.80.
- On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total value of $3,942,261.56.
- On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.93, for a total value of $3,932,255.82.
- On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.
UWM Price Performance
Shares of NYSE UWMC traded down $0.11 during midday trading on Monday, hitting $3.55. The stock had a trading volume of 11,275,529 shares, compared to its average volume of 17,241,156. The company has a market capitalization of $5.68 billion, a PE ratio of 59.18 and a beta of 1.78. The stock has a 50 day simple moving average of $3.84 and a 200-day simple moving average of $4.77. UWM Holdings Corporation has a 1 year low of $3.38 and a 1 year 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.
UWM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Thursday, March 19th. UWM’s dividend payout ratio (DPR) is currently 666.67%.
Institutional Investors Weigh In On UWM
A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. Brandes Investment Partners LP purchased a new stake in UWM in the fourth quarter valued at $45,867,000. Azora Capital LP raised its position in UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after purchasing an additional 7,881,586 shares during the period. Integrated Investment Consultants LLC purchased a new stake in UWM in the third quarter valued at $32,630,000. Renaissance Technologies LLC purchased a new stake in UWM in the fourth quarter valued at $21,580,000. Finally, First Trust Advisors LP purchased a new stake in UWM in the fourth quarter valued at $19,303,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have issued reports on the company. Stephens initiated coverage on UWM in a research note on Friday, April 24th. They issued an “equal weight” rating and a $4.00 target price for the company. BTIG Research reissued a “buy” rating and set a $10.00 price target 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 report on Saturday, February 28th. Barclays cut their price objective on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday, April 6th. Finally, Weiss Ratings lowered shares of UWM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $5.99.
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.
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