Ishbia Mat Sells 596,356 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 596,356 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $5.27, for a total transaction of $3,142,796.12. Following the sale, the chief executive officer directly owned 2,058,120 shares in the company, valued at $10,846,292.40. The trade was a 22.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $2,945,998.64.
• On Monday, November 10th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.47, for a total value of $3,262,067.32.
• On Friday, November 7th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.18, for a total value of $3,089,124.08.
• On Wednesday, November 5th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.69, for a total transaction of $3,393,265.64.
• On Monday, November 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.76, for a total transaction of $3,435,010.56.
• On Friday, October 31st, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.59, for a total value of $3,333,630.04.
• On Wednesday, October 29th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.70, for a total transaction of $3,399,229.20.
• On Monday, October 27th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.83, for a total transaction of $3,476,755.48.
• On Friday, October 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.87, for a total value of $3,500,609.72.
• On Wednesday, October 22nd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.73, for a total value of $3,417,119.88.

UWM Trading Up 1.6%

Shares of UWMC stock opened at $4.98 on Wednesday. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of -99.52 and a beta of 1.79. The company’s 50-day moving average price is $5.82 and its 200-day moving average price is $5.00. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85.

UWM (NYSE:UWMC) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The business had revenue of $151.14 million during the quarter, compared to analysts’ expectations of $651.51 million. As a group, equities analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, December 18th.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays upped their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Morgan Stanley lowered shares of UWM from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $4.50 to $6.50 in a research note on Monday, September 29th. BTIG Research reiterated a “buy” rating and issued a $10.00 price target on shares of UWM in a research note on Monday, September 22nd. UBS Group boosted their price target on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Finally, Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, UWM presently has an average rating of “Hold” and an average target price of $6.54.

Institutional Trading of UWM

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after buying an additional 4,344 shares during the period. Raymond James Financial Inc. purchased a new position in UWM during the second quarter worth $35,000. Advisory Services Network LLC purchased a new stake in shares of UWM in the third quarter valued at $38,000. Signaturefd LLC boosted its stake in shares of UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after acquiring an additional 4,693 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in UWM during the 2nd quarter worth about $51,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.