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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $3.78, for a total value of $2,392,263.72. Following the sale, the chief executive officer directly owned 4,867,667 shares of the company’s stock, valued at $18,399,781.26. This represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value 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 value 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 value of $2,550,482.22.
• On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was sold at an average price of $4.77, for a total transaction of $3,018,808.98.
• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.88, for a total transaction of $3,088,425.12.
• 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 stock was 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 shares were sold at an average price of $4.84, for a total transaction of $3,063,110.16.

UWM Price Performance

Shares of UWM stock traded up $0.02 during midday trading on Monday, reaching $3.88. The company had a trading volume of 23,199,354 shares, compared to its average volume of 19,592,791. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a fifty day simple moving average of $4.94 and a 200 day simple moving average of $5.40. UWM Holdings Corporation has a 1-year low of $3.64 and a 1-year high of $7.14. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 64.73 and a beta of 1.90.

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

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s dividend payout ratio is 666.67%.

Institutional Trading of UWM

Hedge funds have recently added to or reduced their stakes in the business. Brandes Investment Partners LP acquired a new position in UWM in the fourth quarter valued at about $45,867,000. Azora Capital LP raised its position in shares of UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after purchasing an additional 7,881,586 shares during the period. Integrated Investment Consultants LLC bought a new position in shares of UWM during the 3rd quarter valued at about $32,630,000. Renaissance Technologies LLC acquired a new position in shares of UWM in the 4th quarter valued at approximately $21,580,000. Finally, 683 Capital Management LLC acquired a new position in shares of UWM in the 2nd quarter valued at approximately $19,872,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on UWMC shares. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research note on Tuesday, January 6th. Jefferies Financial Group set a $4.40 price target on shares of UWM in a research report on Wednesday, February 25th. Weiss Ratings upgraded shares of UWM from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, February 26th. Finally, UBS Group lifted their target price on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.20.

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.