UWM (NYSE:UWMC) CEO Sells $2,156,194.04 in Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 400,036 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $5.39, for a total value of $2,156,194.04. Following the completion of the sale, the chief executive officer directly owned 4,498,488 shares of the company’s stock, valued at $24,246,850.32. This represents a 8.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, August 18th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.35, for a total value of $2,140,192.60.
• On Wednesday, August 13th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.45, for a total value of $2,180,196.20.
• On Monday, August 11th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.58, for a total value of $1,832,164.88.
• On Friday, August 8th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.58, for a total transaction of $1,832,164.88.
• On Wednesday, August 6th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.25, for a total transaction of $1,700,153.00.
• On Monday, August 4th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.25, for a total transaction of $1,700,153.00.
• On Friday, August 1st, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.19, for a total transaction of $1,676,150.84.
• On Wednesday, July 30th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.10, for a total transaction of $1,640,147.60.
• On Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.24, for a total transaction of $1,696,152.64.
• On Friday, July 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.23, for a total transaction of $1,692,152.28.

UWM Price Performance

Shares of NYSE:UWMC opened at $5.5350 on Thursday. The business’s 50 day simple moving average is $4.40 and its 200-day simple moving average is $4.91. The firm has a market capitalization of $8.85 billion, a price-to-earnings ratio of -110.70 and a beta of 1.70. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. UWM Holdings Corporation has a 12 month low of $3.80 and a 12 month high of $9.74.

UWM (NYSE:UWMC) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate 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 forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, September 18th. UWM’s payout ratio is -800.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on UWMC shares. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. The Goldman Sachs Group reduced their price target on shares of UWM from $6.00 to $5.25 and set a “neutral” rating on the stock in a report on Wednesday, July 2nd. Keefe, Bruyette & Woods lowered shares of UWM from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $6.50 to $4.50 in a research report on Thursday, July 10th. Finally, Barclays raised shares of UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective for the company in a research note on Tuesday, July 8th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $5.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in shares of UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after buying an additional 2,958 shares in the last quarter. Signaturefd LLC lifted its stake in shares of UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock valued at $45,000 after buying an additional 4,693 shares during the period. Raymond James Financial Inc. acquired a new stake in UWM during the second quarter worth approximately $35,000. Quarry LP purchased a new stake in UWM in the 1st quarter worth approximately $53,000. Finally, Focus Partners Wealth purchased a new stake in UWM in the 1st quarter worth approximately $55,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

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.