UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the company’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $3.71, for a total transaction of $3,712,129.54. Following the transaction, the chief executive officer owned 5,325,265 shares of the company’s stock, valued at approximately $19,756,733.15. The trade was a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72.
- On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,662,100.84.
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total transaction 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 transaction 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 transaction 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 transaction of $3,492,003.26.
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total transaction of $3,722,135.28.
- On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.60, for a total transaction of $3,602,066.40.
UWM Stock Up 2.2%
Shares of NYSE:UWMC opened at $3.80 on Thursday. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14. The company’s 50-day moving average price is $4.08 and its two-hundred day moving average price is $4.92. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The firm has a market cap of $6.08 billion, a P/E ratio of 63.37 and a beta of 1.93.
UWM Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.5%. UWM’s dividend payout ratio is presently 666.67%.
Hedge Funds Weigh In On UWM
Several hedge funds and other institutional investors have recently made changes to their positions in UWMC. Dynamic Technology Lab Private Ltd bought a new position in shares of UWM in the first quarter valued at $92,000. Focus Partners Wealth bought a new position in UWM during the first quarter worth $55,000. Cetera Investment Advisers boosted its position in UWM by 20.5% during the second quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock worth $468,000 after purchasing an additional 19,239 shares during the period. Legal & General Group Plc boosted its position in UWM by 65.9% during the second quarter. Legal & General Group Plc now owns 180,164 shares of the company’s stock worth $746,000 after purchasing an additional 71,555 shares during the period. Finally, Rhumbline Advisers boosted its position in UWM by 18.5% during the second quarter. Rhumbline Advisers now owns 115,501 shares of the company’s stock worth $478,000 after purchasing an additional 18,034 shares during the period. 53.59% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Zacks Research upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Barclays decreased their price target on shares of UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a research note on Monday, April 6th. Weiss Ratings cut shares of UWM from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 27th. Finally, Compass Point initiated coverage on shares of UWM in a research note on Tuesday, March 10th. They set a “buy” rating and a $8.50 price target for the company. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.24.
Check Out Our Latest Research Report on UWMC
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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