UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction on Monday, April 13th. The stock was sold at an average price of $3.66, for a total value of $3,662,100.84. Following the completion of the transaction, the chief executive officer owned 3,324,117 shares in the company, valued at approximately $12,166,268.22. This represents a 23.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
- On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.71, for a total value of $3,712,129.54.
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.87, for a total value of $3,872,221.38.
- On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
- On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
- On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26.
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
- On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.72, for a total value of $3,722,135.28.
- On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total value of $3,602,066.40.
UWM Trading Up 2.2%
NYSE UWMC opened at $3.80 on Thursday. The firm has a market capitalization of $6.08 billion, a P/E ratio of 63.37 and a beta of 1.93. The business has a fifty day simple moving average of $4.08 and a 200 day simple moving average of $4.92. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.
UWM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Thursday, March 19th. UWM’s dividend payout ratio is presently 666.67%.
Institutional Investors Weigh In On UWM
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in UWM by 9.7% in the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after acquiring an additional 1,676,754 shares during the last quarter. Azora Capital LP increased its holdings in 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 acquiring an additional 7,881,586 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in UWM in the 4th quarter worth about $45,867,000. Balyasny Asset Management L.P. increased its holdings in 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 during the last quarter. Finally, Integrated Investment Consultants LLC purchased a new stake in UWM in the 3rd quarter worth about $32,630,000. Hedge funds and other institutional investors own 53.59% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on UWMC shares. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. BTIG Research reaffirmed a “buy” rating and set a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Jefferies Financial Group set a $4.40 target price on UWM in a research report on Wednesday, February 25th. Keefe, Bruyette & Woods decreased their target price on UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a research report on Friday, April 10th. Finally, Weiss Ratings lowered UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.24.
View Our Latest Analysis on UWM
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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