UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $3.69, for a total transaction of $3,692,118.06. Following the transaction, the chief executive officer owned 10,328,135 shares in the company, valued at approximately $38,110,818.15. This trade represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.87, for a total transaction of $3,872,221.38.
- On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total transaction of $3,732,141.02.
- 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 stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 shares were 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 transaction of $2,335,305.06.
UWM Trading Up 7.9%
UWMC opened at $3.91 on Thursday. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year high of $7.14. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The company has a market cap of $6.25 billion, a P/E ratio of 65.08 and a beta of 1.93. The company has a fifty day moving average price of $4.22 and a two-hundred day moving average price of $5.01.
UWM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.2%. UWM’s payout ratio is presently 666.67%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in UWMC. Brandes Investment Partners LP purchased a new position in UWM during the fourth quarter worth about $45,867,000. Azora Capital LP boosted its holdings in UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after purchasing an additional 7,881,586 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in UWM during the third quarter worth about $32,630,000. Renaissance Technologies LLC purchased a new position in UWM during the fourth quarter worth about $21,580,000. Finally, 683 Capital Management LLC purchased a new position in UWM during the second quarter worth about $19,872,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on UWMC. Barclays decreased their target price on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a research report on Monday. Compass Point began coverage on shares of UWM in a research report on Tuesday, March 10th. They set a “buy” rating and a $8.50 target price for the company. Argus raised shares of UWM to a “hold” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded shares of UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Finally, The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.36.
Get Our Latest Research Report on UWM
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.
Further Reading
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