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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 596,356 shares of the firm’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $5.27, for a total transaction of $3,142,796.12. Following the completion of the transaction, the chief executive officer directly owned 2,174,308 shares of the company’s stock, valued at $11,458,603.16. This represents a 21.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,643,735.16.
• On Friday, September 26th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.23, for a total transaction of $3,715,297.88.
• On Wednesday, September 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.42, for a total transaction of $3,828,605.52.
• On Monday, September 22nd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.23, for a total transaction of $3,715,297.88.
• On Friday, September 19th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.45, for a total transaction of $3,846,496.20.

UWM Trading Up 2.7%

UWMC stock opened at $5.45 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. The company has a fifty day moving average price of $5.82 and a two-hundred day moving average price of $4.87. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $7.60. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of -108.90 and a beta of 1.79.

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

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Thursday, September 18th. UWM’s payout ratio is -800.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Barclays boosted their target price on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. The Goldman Sachs Group reduced their target price on shares of UWM from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Wednesday, July 2nd. Finally, Morgan Stanley cut shares of UWM from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $4.50 to $6.50 in a research report on Monday, September 29th. Two research 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.

Institutional Investors Weigh In On UWM

Several institutional investors and hedge funds have recently bought and sold shares of UWMC. GAMMA Investing LLC lifted its position in 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 purchasing an additional 2,958 shares during the period. Raymond James Financial Inc. bought a new stake in UWM during the second quarter worth about $35,000. Signaturefd LLC raised its stake in UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after acquiring an additional 4,693 shares in the last quarter. R Squared Ltd acquired a new position in UWM during the second quarter worth about $51,000. Finally, Quarry LP acquired a new position in UWM during the first quarter worth about $53,000. Institutional investors own 53.59% of the company’s stock.

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.