UWM (NYSE:UWMC) CEO Sells $3,126,397.56 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $4.94, for a total value of $3,126,397.56. Following the completion of the sale, the chief executive officer owned 1,160,777 shares in the company, valued at approximately $5,734,238.38. This trade represents a 35.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12.
• On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.66, for a total transaction of $2,949,192.84.
• On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.61, for a total value of $2,917,549.14.
• On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.84, for a total value of $3,063,110.16.
• On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70.
• On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total transaction of $3,290,944.80.
• On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.00, for a total value of $3,164,370.00.
• On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.89, for a total value of $3,727,627.86.
• 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.

UWM Trading Down 0.5%

Shares of UWM stock traded down $0.03 on Wednesday, reaching $4.82. 11,504,556 shares of the company traded hands, compared to its average volume of 18,864,271. The company has a 50 day moving average of $5.10 and a 200 day moving average of $5.46. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UWMC shares. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. UBS Group raised their price target on shares of UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Keefe, Bruyette & Woods upped their price target on shares of UWM from $6.50 to $6.75 and gave the stock a “market perform” rating in a report on Thursday, December 18th. Morgan Stanley set a $6.00 price objective on UWM in a research note on Tuesday, December 16th. Finally, The Goldman Sachs Group set a $5.00 target price on UWM in a research report on Tuesday, January 6th. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.53.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UWMC. Brandes Investment Partners LP bought a new position in UWM during the 4th quarter valued at approximately $45,867,000. Azora Capital LP grew its position in shares of UWM by 230.8% in the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after buying an additional 7,881,586 shares during the last quarter. Integrated Investment Consultants LLC purchased a new position in shares of UWM during the third quarter valued at approximately $32,630,000. Renaissance Technologies LLC bought a new position in shares of UWM during the fourth quarter valued at approximately $21,580,000. Finally, 683 Capital Management LLC purchased a new stake in UWM in the second quarter worth $19,872,000. 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.