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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction that occurred on Monday, January 26th. The stock was sold at an average price of $5.75, for a total value of $3,639,025.50. Following the completion of the transaction, the chief executive officer directly owned 3,421,013 shares in the company, valued at approximately $19,670,824.75. This represents a 15.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.87, for a total transaction of $3,714,970.38.
• On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 transaction 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 shares were sold at an average price of $4.42, for a total value 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 value of $2,765,659.38.

UWM Trading Down 0.4%

UWMC traded down $0.03 during trading on Monday, hitting $5.77. The company’s stock had a trading volume of 8,582,788 shares, compared to its average volume of 18,916,229. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The stock’s fifty day moving average price is $5.22 and its 200-day moving average price is $5.35. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45.

UWM (NYSE:UWMC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The company had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. As a group, sell-side analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.9%.

Institutional Investors Weigh In On UWM

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in UWM by 6.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after buying an additional 1,010,907 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of UWM by 116.6% in the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after acquiring an additional 3,224,806 shares in the last quarter. Integrated Investment Consultants LLC bought a new stake in shares of UWM in the 3rd quarter worth $32,630,000. Bank of America Corp DE raised its holdings in shares of UWM by 40.5% in the third quarter. Bank of America Corp DE now owns 5,279,523 shares of the company’s stock valued at $32,152,000 after purchasing an additional 1,520,923 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of UWM by 165.5% during the third quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock valued at $30,382,000 after purchasing an additional 3,109,591 shares in the last quarter. Institutional investors own 53.59% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Barclays upped their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a research report on Saturday, November 15th. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Finally, The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Two investment 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.53.

About UWM

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.