UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares of Stock

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 1,000,574 shares of the company’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38. Following the completion of the sale, the chief executive officer owned 7,326,413 shares of the company’s stock, valued at $28,353,218.31. This trade represents a 12.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
  • 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 transaction 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 transaction 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 transaction 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 Price Performance

NYSE UWMC opened at $3.91 on Thursday. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. 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 market cap of $6.25 billion, a price-to-earnings ratio of 65.08 and a beta of 1.93. The company’s 50 day moving average is $4.22 and its two-hundred day moving average is $5.01.

UWM (NYSE:UWMCGet Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The business had revenue of $945.25 million during the quarter, compared to analysts’ expectations of $759.12 million. As a group, research analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date is Thursday, March 19th. UWM’s dividend payout ratio is presently 666.67%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Integrated Investment Consultants LLC bought a new position in shares of UWM during the 3rd quarter valued at about $32,630,000. Tudor Investment Corp ET AL bought a new position in shares of UWM during the 3rd quarter valued at about $12,237,000. Vanguard Group Inc. boosted its holdings in shares of UWM by 6.2% during the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after purchasing an additional 1,010,907 shares during the last quarter. Alight Capital Management LP bought a new position in shares of UWM during the 3rd quarter valued at about $3,958,000. Finally, Oak Thistle LLC bought a new position in shares of UWM during the 3rd quarter valued at about $1,337,000. Institutional investors own 53.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on UWMC shares. BTIG Research reiterated a “buy” rating and issued a $10.00 price target on shares of UWM in a research note on Tuesday, March 10th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Argus upgraded UWM to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, The Goldman Sachs Group set a $5.00 price target on UWM in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.36.

Get Our Latest Research Report on UWMC

About UWM

(Get Free Report)

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

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

Receive News & Ratings for UWM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UWM and related companies with MarketBeat.com's FREE daily email newsletter.