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

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $3.78, for a total transaction of $2,392,263.72. Following the transaction, the chief executive officer owned 4,867,667 shares in the company, valued at approximately $18,399,781.26. The trade was a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction 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 transaction of $2,689,714.50.
  • On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.03, for a total transaction 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 transaction 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 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 shares were 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 value 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 value of $2,917,549.14.
  • On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.84, for a total value of $3,063,110.16.

UWM Trading Up 4.0%

NYSE UWMC opened at $4.05 on Wednesday. UWM Holdings Corporation has a 12 month low of $3.64 and a 12 month high of $7.14. The stock has a 50-day simple moving average of $4.92 and a 200 day simple moving average of $5.38. 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 $6.47 billion, a PE ratio of 67.43 and a beta of 1.90.

UWM (NYSE:UWMCGet Free Report) last issued its 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). The company had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. Research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 9.9%. UWM’s payout ratio is currently 666.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UWMC. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research report on Tuesday, January 6th. Morgan Stanley set a $6.00 price objective on shares of UWM in a research report on Tuesday, December 16th. Compass Point assumed coverage on UWM in a research note on Tuesday. They set a “buy” rating and a $8.50 price objective on the stock. Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Jefferies Financial Group set a $4.40 price target on UWM in a report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.49.

Check Out Our Latest Stock Analysis on UWMC

Hedge Funds Weigh In On UWM

Several hedge funds have recently modified their holdings of the stock. Oak Thistle LLC bought a new position in UWM in the third quarter valued at approximately $1,337,000. Vanguard Group Inc. raised its stake 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 worth $105,252,000 after purchasing an additional 1,010,907 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of UWM in the 2nd quarter valued at approximately $792,000. AGF Management Ltd. acquired a new stake in shares of UWM in the 2nd quarter valued at approximately $3,072,000. Finally, 683 Capital Management LLC bought a new position in shares of UWM in the second quarter valued at $19,872,000. Institutional investors own 53.59% of the company’s stock.

Key UWM News

Here are the key news stories impacting UWM this week:

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)

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