UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $3.73, for a total transaction of $3,732,141.02. Following the sale, the chief executive officer owned 10,334,449 shares of the company’s stock, valued at approximately $38,547,494.77. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 transaction of $3,702,123.80.
- On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total transaction of $2,335,305.06.
- On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total transaction of $2,474,537.34.
- On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 shares were 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 shares were 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 stock was 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 value of $3,018,808.98.
- On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12.
UWM Trading Up 0.7%
Shares of NYSE UWMC opened at $3.69 on Thursday. The business has a 50 day simple moving average of $4.83 and a 200 day simple moving average of $5.30. UWM Holdings Corporation has a 52 week low of $3.59 and a 52 week high of $7.14. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 61.42 and a beta of 1.90. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52.
UWM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders 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 dividend yield of 10.9%. UWM’s dividend payout ratio (DPR) is currently 666.67%.
Wall Street Analysts Forecast Growth
UWMC has been the subject of a number of recent research reports. BTIG Research reiterated a “buy” rating and issued a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Barclays cut 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. Zacks Research cut UWM from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Jefferies Financial Group set a $4.40 price target on UWM in a research note on Wednesday, February 25th. Finally, Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, UWM has an average rating of “Hold” and a consensus price target of $6.49.
Read Our Latest Analysis on UWMC
Institutional Trading of UWM
Several large investors have recently modified their holdings of UWMC. Vanguard Group Inc. raised its holdings in UWM by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after acquiring an additional 1,676,754 shares during the period. Azora Capital LP boosted its holdings in UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock valued at $49,477,000 after acquiring an additional 7,881,586 shares during the period. Brandes Investment Partners LP bought a new stake in UWM during the fourth quarter valued at about $45,867,000. Balyasny Asset Management L.P. grew its position in shares of UWM by 116.6% in the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock valued at $24,803,000 after purchasing an additional 3,224,806 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in shares of UWM in the third quarter valued at about $32,630,000. 53.59% of the stock is owned by institutional investors.
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.
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