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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $5.27, for a total value of $3,335,245.98. Following the completion of the transaction, the chief executive officer owned 3,149,753 shares of the company’s stock, valued at approximately $16,599,198.31. The trade was a 16.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 value of $3,385,875.90.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 transaction 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 transaction 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 transaction 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 transaction of $2,892,234.18.
• On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The shares were 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 value of $1,891,670.10.
• On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.47, for a total value of $3,349,209.89.

UWM Stock Down 0.1%

UWMC traded down $0.01 during trading hours on Monday, hitting $5.35. The company’s stock had a trading volume of 16,551,658 shares, compared to its average volume of 19,834,766. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. The company has a 50-day simple moving average of $5.16 and a 200 day simple moving average of $5.25.

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%. As a group, equities research analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Thursday, December 18th.

Hedge Funds Weigh In On UWM

A number of hedge funds have recently modified their holdings of the stock. 180 Wealth Advisors LLC boosted its position in shares of UWM by 40.5% in the 4th quarter. 180 Wealth Advisors LLC now owns 159,073 shares of the company’s stock valued at $697,000 after purchasing an additional 45,829 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in UWM by 30.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 274,453 shares of the company’s stock valued at $1,239,000 after buying an additional 63,449 shares in the last quarter. NorthCrest Asset Manangement LLC purchased a new stake in UWM during the fourth quarter valued at about $67,000. Tudor Investment Corp ET AL acquired a new position in shares of UWM in the third quarter worth about $12,237,000. Finally, Allworth Financial LP increased its position in shares of UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after acquiring an additional 4,091 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on UWMC shares. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research note on Tuesday, January 6th. Wall Street Zen downgraded UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. UBS Group lifted their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 12th. Barclays boosted their price objective on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Finally, Jefferies Financial Group started coverage on UWM in a research note on Friday, December 19th. They set a “hold” rating and a $5.00 target price for the company. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $6.53.

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.