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 Monday, November 10th. The stock was sold at an average price of $5.47, for a total transaction of $3,262,067.32. Following the completion of the transaction, the chief executive officer directly owned 3,847,188 shares of the company’s stock, valued at $21,044,118.36. The trade was a 13.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, November 7th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.18, for a total transaction of $3,089,124.08.
• On Wednesday, November 5th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.69, for a total transaction of $3,393,265.64.
• On Monday, November 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.76, for a total value of $3,435,010.56.
• On Friday, October 31st, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.59, for a total value of $3,333,630.04.
• On Wednesday, October 29th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.70, for a total value of $3,399,229.20.
• On Monday, October 27th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.83, for a total value of $3,476,755.48.
• On Friday, October 24th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.87, for a total value of $3,500,609.72.
• On Wednesday, October 22nd, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.73, for a total value of $3,417,119.88.
• 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 Friday, October 17th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.37, for a total transaction of $3,202,431.72.

UWM Trading Up 0.7%

Shares of UWMC opened at $5.48 on Wednesday. The company’s fifty day simple moving average is $5.92 and its 200-day simple moving average is $4.98. The company has a market cap of $8.76 billion, a P/E ratio of -109.60 and a beta of 1.79. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14.

UWM (NYSE:UWMC) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The firm had revenue of $151.14 million for the quarter, compared to the consensus estimate of $651.51 million. As a group, analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Thursday, December 18th.

Hedge Funds Weigh In On UWM

Several institutional investors have recently made changes to their positions in UWMC. State of Wyoming raised its holdings in shares of UWM by 24.9% in the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after acquiring an additional 2,902 shares in the last quarter. Arizona State Retirement System increased its position in UWM by 8.1% during the 3rd quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock valued at $309,000 after purchasing an additional 3,785 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of UWM by 10.9% in the 1st quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company’s stock valued at $241,000 after purchasing an additional 4,336 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of 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 during the period. Finally, Teacher Retirement System of Texas lifted its position in shares of UWM by 23.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company’s stock worth $99,000 after purchasing an additional 4,552 shares during the period. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UWMC. Weiss Ratings restated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, August 9th. Barclays lifted their price objective on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, BTIG Research restated a “buy” rating and issued a $10.00 target price on shares of UWM in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, UWM currently has a consensus rating of “Hold” and an average price target of $6.46.

About UWM

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.