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 UWM stock in a transaction on Monday, April 6th. The shares were sold at an average price of $3.73, for a total transaction of $3,732,141.02. Following the completion of the sale, the chief executive officer directly owned 9,327,561 shares of the company’s stock, valued at approximately $34,791,802.53. The trade was a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.69, for a total transaction of $3,692,118.06.
• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26.
• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
• On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
• 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 value of $3,722,135.28.
• On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total value 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 value of $3,732,141.02.
• 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 value of $3,702,123.80.
• On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value of $2,474,537.34.

UWM Stock Performance

Shares of NYSE:UWMC traded up $0.02 during trading on Monday, reaching $3.74. The stock had a trading volume of 9,496,677 shares, compared to its average volume of 18,970,748. The stock has a fifty day simple moving average of $4.35 and a two-hundred day simple moving average of $5.06. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM Holdings Corporation has a 52 week low of $3.38 and a 52 week high of $7.14. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 62.27 and a beta of 1.93.

UWM (NYSE:UWMC) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm 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%. As a group, analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend is Thursday, March 19th. UWM’s dividend payout ratio (DPR) is currently 666.67%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on UWMC shares. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Argus raised UWM to a “hold” rating in a research report on Tuesday, March 31st. Keefe, Bruyette & Woods cut their price target on UWM from $6.75 to $6.00 and set a “market perform” rating for the company in a report on Friday, February 27th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group set a $4.40 target price on shares of UWM in a research report on Wednesday, February 25th. Three equities 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 stock. According to MarketBeat.com, UWM has an average rating of “Hold” and an average price target of $6.36.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in shares of UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares during the period. GAMMA Investing LLC raised its stake in shares of UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after purchasing an additional 4,344 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of UWM in the third quarter valued at approximately $38,000. Raymond James Financial Inc. bought a new position in UWM in the 2nd quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock worth $38,000 after buying an additional 8,027 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

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.