UWM (NYSE:UWMC) CEO Sells $1,891,670.10 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 402,483 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $4.70, for a total value of $1,891,670.10. Following the transaction, the chief executive officer owned 3,328,490 shares of the company’s stock, valued at approximately $15,643,903. This represents a 10.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.57, for a total value of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The shares were sold at an average price of $4.66, for a total value of $2,096,986.02.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.60, for a total transaction of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.67, for a total transaction of $3,471,667.29.
• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.78, for a total transaction of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.71, for a total transaction of $3,496,158.77.
• On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.80, for a total transaction of $3,551,264.60.
• On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The stock was sold at an average price of $5.85, for a total value of $2,556,877.05.

UWM Stock Down 0.9%

UWMC opened at $4.38 on Thursday. The business has a 50 day moving average price of $5.31 and a two-hundred day moving average price of $5.21. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to analyst estimates of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. Research analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.40 annualized dividend and a yield of 9.1%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Allworth Financial LP lifted its stake in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing an additional 4,344 shares during the period. Raymond James Financial Inc. acquired a new position in shares of UWM in the 2nd quarter valued at about $35,000. Advisory Services Network LLC acquired a new stake in shares of UWM during the third quarter worth approximately $38,000. Finally, R Squared Ltd acquired a new stake in shares of UWM during the second quarter worth approximately $51,000. 53.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UWMC has been the topic of several recent research reports. 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 objective on the stock. Morgan Stanley set a $6.00 target price on shares of UWM in a report on Tuesday, December 16th. UBS Group upped their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UWM has an average rating of “Hold” and an average target price of $6.56.

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.