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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70. Following the transaction, the chief executive officer owned 5,331,579 shares of the company’s stock, valued at approximately $18,927,105.45. This represents a 15.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 shares were 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 shares were 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 value of $2,335,305.06.
• On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 transaction of $2,392,263.72.
• 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 shares were 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.

UWM Price Performance

UWMC stock opened at $3.54 on Thursday. The stock has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $5.22. UWM Holdings Corporation has a 1 year low of $3.46 and a 1 year high of $7.14. The stock has a market cap of $5.66 billion, a PE ratio of 58.92 and a beta of 1.90. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The firm had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. Equities analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently announced 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. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 11.3%. UWM’s payout ratio is presently 666.67%.

Analyst Ratings Changes

Several brokerages have recently weighed in on UWMC. Morgan Stanley set a $6.00 price target on shares of UWM in a research note on Tuesday, December 16th. Barclays reduced their target price on shares of UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Zacks Research downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Jefferies Financial Group set a $4.40 price target on shares of UWM in a research report on Wednesday, February 25th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.49.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Corient Private Wealth LLC lifted its holdings in UWM by 258.0% during the 4th quarter. Corient Private Wealth LLC now owns 103,471 shares of the company’s stock valued at $453,000 after purchasing an additional 74,565 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of UWM by 1,570.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,191 shares of the company’s stock valued at $53,000 after purchasing an additional 11,461 shares during the last quarter. Kera Capital Partners Inc. acquired a new position in shares of UWM in the fourth quarter valued at $47,000. Virtu Financial LLC bought a new position in shares of UWM in the fourth quarter valued at about $1,799,000. Finally, Invesco Ltd. lifted its stake in shares of UWM by 504.1% during the 4th quarter. Invesco Ltd. now owns 1,498,979 shares of the company’s stock worth $6,566,000 after buying an additional 1,250,845 shares during the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

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.