UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02. Following the sale, the chief executive officer directly owned 8,326,987 shares in the company, valued at approximately $31,059,661.51. This trade represents a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38.
- On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $3,692,118.06.
- On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total value of $3,492,003.26.
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
- 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 stock was sold at an average price of $3.60, for a total transaction 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 transaction 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 transaction of $3,702,123.80.
- On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total transaction of $2,335,305.06.
UWM Stock Up 7.9%
Shares of UWMC opened at $3.91 on Thursday. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 65.08 and a beta of 1.93. 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 Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The company has a 50-day moving average price of $4.22 and a two-hundred day moving average price of $5.01.
UWM Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.2%. UWM’s payout ratio is 666.67%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on UWMC shares. Keefe, Bruyette & Woods cut their target price on shares of UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research note on Friday, February 27th. Weiss Ratings cut shares of UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.36.
Check Out Our Latest Report on UWMC
Hedge Funds Weigh In On UWM
Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of UWM by 5,681.9% in the 3rd 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 during the period. GAMMA Investing LLC boosted its stake in UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after purchasing an additional 4,344 shares during the period. Advisory Services Network LLC acquired a new position in UWM in the 3rd quarter worth $38,000. Raymond James Financial Inc. acquired a new position in UWM in the 2nd quarter worth $35,000. Finally, Farther Finance Advisors LLC boosted its stake in UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $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.
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.
Further Reading
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