Insider Selling: UWM (NYSE:UWMC) CEO Sells 632,874 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $4.84, for a total value of $3,063,110.16. Following the completion of the sale, the chief executive officer owned 4,325,147 shares of the company’s stock, valued at $20,933,711.48. The trade was a 12.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $2,917,549.14.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total transaction of $3,290,944.80.
• On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.00, for a total value of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.89, for a total value of $3,727,627.86.
• On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total transaction of $3,639,025.50.
• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.87, for a total transaction of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.82, for a total transaction of $3,683,326.68.
• On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total transaction of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.46, for a total value of $3,455,492.04.

UWM Trading Down 2.3%

Shares of UWMC traded down $0.11 during mid-day trading on Monday, hitting $4.64. 13,417,341 shares of the company traded hands, compared to its average volume of 20,062,928. The business has a 50 day moving average of $5.22 and a 200 day moving average of $5.43. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $151.14 million for the quarter, compared to analyst estimates of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. Equities analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. Integrated Investment Consultants LLC acquired a new position in shares of UWM in the 3rd quarter worth approximately $32,630,000. 683 Capital Management LLC purchased a new position in shares of UWM during the second quarter worth $19,872,000. Balyasny Asset Management L.P. grew its stake 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 buying an additional 3,224,806 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of UWM by 165.5% in the 3rd quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock valued at $30,382,000 after buying an additional 3,109,591 shares during the period. Finally, Holocene Advisors LP lifted its stake in UWM by 1,986.0% during the 3rd quarter. Holocene Advisors LP now owns 3,231,243 shares of the company’s stock worth $19,678,000 after acquiring an additional 3,076,340 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

UWMC has been the subject of several research reports. Wall Street Zen cut shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Jefferies Financial Group assumed coverage on UWM in a research note on Friday, December 19th. They issued a “hold” rating and a $5.00 target price on the stock. The Goldman Sachs Group set a $5.00 price target on UWM in a research report on Tuesday, January 6th. Morgan Stanley set a $6.00 price objective on UWM in a research report on Tuesday, December 16th. Finally, UBS Group lifted their target price on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $6.53.

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.