UWM (NYSE:UWMC) CEO Sells $2,335,305.06 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $3.69, for a total transaction of $2,335,305.06. Following the completion of the transaction, the chief executive officer directly owned 2,336,171 shares of the company’s stock, valued at $8,620,470.99. This represents a 21.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 value 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 value 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 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 shares were sold at an average price of $4.77, for a total value 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 value 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.

UWM Stock Down 0.7%

NYSE:UWMC traded down $0.03 during mid-day trading on Monday, hitting $3.64. The stock had a trading volume of 20,354,773 shares, compared to its average volume of 19,650,291. UWM Holdings Corporation has a twelve month low of $3.62 and a twelve month high of $7.14. The stock has a 50-day simple moving average of $4.88 and a two-hundred day simple moving average of $5.34. 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 company has a market capitalization of $5.82 billion, a PE ratio of 60.58 and a beta of 1.90.

UWM (NYSE:UWMC) last posted 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 negative return on equity of 1.35% and a net margin of 0.87%.The firm had revenue of $945.25 million for the quarter, compared to analyst estimates of $759.12 million. On average, equities research analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 11.0%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s payout ratio is 666.67%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in UWM by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock worth $243,000 after acquiring an additional 2,329 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in UWM by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company’s stock valued at $225,000 after acquiring an additional 2,407 shares in the last quarter. Allworth Financial LP boosted its stake in UWM by 62.5% in the fourth quarter. Allworth Financial LP now owns 6,765 shares of the company’s stock valued at $30,000 after acquiring an additional 2,602 shares in the last quarter. Choreo LLC grew its holdings in shares of UWM by 16.1% during the fourth quarter. Choreo LLC now owns 19,017 shares of the company’s stock worth $84,000 after purchasing an additional 2,637 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after purchasing an additional 2,902 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays dropped their target price on UWM from $7.00 to $6.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Keefe, Bruyette & Woods lowered their price objective on UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a research report on Friday, February 27th. BTIG Research reiterated a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Zacks Research lowered UWM from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $6.49.

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.