UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $5.89, for a total transaction of $3,727,627.86. Following the transaction, the chief executive officer directly owned 2,155,265 shares of the company’s stock, valued at $12,694,510.85. This represents a 22.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Ishbia Mat also recently made the following trade(s):
- On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total value of $3,639,025.50.
- On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.87, for a total value of $3,714,970.38.
- On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.82, for a total transaction of $3,683,326.68.
- On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $6.04, for a total transaction of $3,822,558.96.
- On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.46, for a total transaction of $3,455,492.04.
- On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 value of $3,335,245.98.
- 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 shares were 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 stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
UWM Price Performance
NYSE UWMC traded up $0.04 during mid-day trading on Wednesday, hitting $5.90. The company’s stock had a trading volume of 12,118,226 shares, compared to its average volume of 18,003,391. The company’s 50 day simple moving average is $5.25 and its 200 day simple moving average is $5.38. 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 twelve month low of $3.80 and a twelve month high of $7.14.
UWM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date of this dividend was Thursday, December 18th.
Hedge Funds Weigh In On UWM
Several hedge funds and other institutional investors have recently modified their holdings of UWMC. Allworth Financial LP raised its holdings in 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 purchasing an additional 4,091 shares in the last quarter. GAMMA Investing LLC raised its position in UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after buying an additional 4,344 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of UWM during the 2nd quarter valued at about $35,000. Farther Finance Advisors LLC raised its stake in UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after buying an additional 8,027 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of UWM in the 3rd quarter worth $38,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.
Wall Street Analyst Weigh In
UWMC has been the topic of several analyst reports. Morgan Stanley set a $6.00 price target on shares of UWM in a report on Tuesday, December 16th. Keefe, Bruyette & Woods lifted their price objective on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a research report on Thursday, December 18th. Barclays boosted their target price on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a report on Tuesday, January 6th. Finally, UBS Group raised their price target on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.53.
Check Out Our Latest Stock Analysis on UWMC
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.
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