Ishbia Mat Sells 596,356 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 596,356 shares of UWM stock in a transaction on Friday, October 17th. The stock was sold at an average price of $5.37, for a total value of $3,202,431.72. Following the sale, the chief executive officer directly owned 6,588,884 shares of the company’s stock, valued at $35,382,307.08. This represents a 8.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, October 20th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.56, for a total value of $3,315,739.36.
• On Wednesday, October 15th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.39, for a total value of $3,214,358.84.
• On Monday, October 13th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.27, for a total value of $3,142,796.12.
• On Friday, October 10th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.34, for a total value of $3,184,541.04.
• On Wednesday, October 8th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.40, for a total value of $3,220,322.40.
• On Monday, October 6th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.69, for a total value of $3,393,265.64.
• On Friday, October 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.99, for a total value of $3,572,172.44.
• On Wednesday, October 1st, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $6.22, for a total value of $3,709,334.32.
• On Monday, September 29th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $6.11, for a total value of $3,643,735.16.
• On Friday, September 26th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $6.23, for a total value of $3,715,297.88.

UWM Stock Performance

NYSE:UWMC opened at $5.66 on Wednesday. The stock has a fifty day moving average price of $5.91 and a 200-day moving average price of $4.87. The company has a market cap of $9.05 billion, a price-to-earnings ratio of -113.20 and a beta of 1.79. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.55 and a current ratio of 1.55. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14.

UWM (NYSE:UWMC) last released its earnings results on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The firm had revenue of $758.70 million during the quarter, compared to the consensus estimate of $621.60 million. UWM had a negative return on equity of 5.56% and a net margin of 0.48%. As a group, equities analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.1%. UWM’s payout ratio is -800.00%.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 4,344 shares in the last quarter. Signaturefd LLC increased its holdings in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after purchasing an additional 4,693 shares in the last quarter. Raymond James Financial Inc. acquired a new position in UWM in the 2nd quarter worth about $35,000. Quarry LP acquired a new position in UWM in the 1st quarter worth about $53,000. Finally, Focus Partners Wealth bought a new stake in shares of UWM in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

UWMC has been the subject of a number of research analyst reports. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. BTIG Research reissued a “buy” rating and set a $10.00 price target on shares of UWM in a report on Monday, September 22nd. UBS Group boosted their price target on UWM from $4.50 to $5.50 and gave the stock a “neutral” rating in a report on Friday, October 10th. The Goldman Sachs Group lowered their price target on UWM from $6.00 to $5.25 and set a “neutral” rating for the company in a report on Wednesday, July 2nd. Finally, Barclays boosted their price target on UWM from $6.00 to $7.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, UWM has a consensus rating of “Hold” and an average price target of $6.46.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.