UWM (NYSE:UWMC) CEO Ishbia Mat Sells 632,874 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $5.46, for a total transaction of $3,455,492.04. Following the transaction, the chief executive officer owned 1,251,131 shares in the company, valued at approximately $6,831,175.26. The trade was a 33.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.35, for a total transaction of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total transaction of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total value of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.43, for a total value of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.37, for a total value of $2,765,659.38.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.57, for a total transaction of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was sold at an average price of $4.66, for a total transaction of $2,096,986.02.
• On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The shares were sold at an average price of $4.70, for a total transaction of $1,891,670.10.

UWM Stock Up 6.8%

UWMC stock traded up $0.37 during trading on Thursday, reaching $5.82. The stock had a trading volume of 24,669,428 shares, compared to its average volume of 19,610,029. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The company’s 50 day moving average is $5.14 and its two-hundred day moving average is $5.27. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $7.14.

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

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, December 18th.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Jefferies Financial Group began coverage on shares of UWM in a report on Friday, December 19th. They set a “hold” rating and a $5.00 price objective on the stock. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Keefe, Bruyette & Woods lifted their target price on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research note on Thursday, December 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.53.

Hedge Funds Weigh In On UWM

A number of hedge funds and other institutional investors have recently bought and sold shares of UWMC. Allworth Financial LP raised its position in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 4,344 shares during the last quarter. Raymond James Financial Inc. bought a new stake in UWM during the second quarter worth about $35,000. Advisory Services Network LLC purchased a new position in shares of UWM in the 3rd quarter worth about $38,000. Finally, R Squared Ltd purchased a new position in shares of UWM in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.

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.