UWM (NYSE:UWMC) CEO Sells $2,797,303.08 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $4.42, for a total transaction of $2,797,303.08. Following the completion of the transaction, the chief executive officer directly owned 6,314,123 shares in the company, valued at $27,908,423.66. This represents a 9.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 stock was 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 shares were sold at an average price of $4.57, for a total value 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 stock was sold at an average price of $4.70, for a total transaction of $1,891,670.10.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89.
• On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.60, for a total transaction of $3,428,807.20.
• On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.67, for a total transaction of $3,471,667.29.
• On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.78, for a total value of $3,539,018.86.
• On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.71, for a total value of $3,496,158.77.

UWM Stock Performance

UWMC stock traded up $0.04 on Friday, reaching $4.42. The company’s stock had a trading volume of 8,901,933 shares, compared to its average volume of 11,526,103. The firm has a fifty day moving average of $5.28 and a two-hundred day moving average of $5.21. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.45 and a current ratio of 1.45. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (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 analyst estimates of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. Analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, December 18th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UWMC. Hsbc Holdings PLC purchased a new stake in UWM during the second quarter valued at about $792,000. Oak Thistle LLC purchased a new position in shares of UWM in the third quarter worth approximately $1,337,000. AGF Management Ltd. acquired a new stake in shares of UWM during the second quarter valued at approximately $3,072,000. 683 Capital Management LLC purchased a new stake in shares of UWM in the 2nd quarter valued at approximately $19,872,000. Finally, Capital Fund Management S.A. boosted its stake in UWM by 260.9% in the 2nd quarter. Capital Fund Management S.A. now owns 573,583 shares of the company’s stock worth $2,375,000 after purchasing an additional 414,667 shares during the period. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. UBS Group upped their price target on shares of UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Keefe, Bruyette & Woods boosted their target price on UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Barclays lifted their price target on UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.56.

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.