UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $3.93, for a total value of $3,932,255.82. Following the sale, the chief executive officer directly owned 11,322,395 shares in the company, valued at $44,497,012.35. The trade was a 8.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total value of $3,702,123.80.
- On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total value of $3,942,261.56.
- 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 value 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 value of $3,662,100.84.
- On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 shares were 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.
UWM Stock Down 1.7%
Shares of UWMC opened at $3.68 on Thursday. The company has a market capitalization of $5.88 billion, a P/E ratio of 61.25 and a beta of 1.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. UWM Holdings Corporation has a one year low of $3.38 and a one year high of $7.14. The business’s 50 day simple moving average is $3.98 and its 200-day simple moving average is $4.84.
UWM Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend was Thursday, March 19th. UWM’s payout ratio is presently 666.67%.
Analyst Upgrades and Downgrades
UWMC has been the topic of several recent analyst reports. Compass Point initiated coverage on UWM in a report on Tuesday, March 10th. They issued a “buy” rating and a $8.50 target price on the stock. Argus raised UWM to a “hold” rating in a report on Tuesday, March 31st. Weiss Ratings downgraded UWM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Finally, Barclays reduced their target price on UWM from $6.00 to $5.00 and set an “overweight” rating on the stock in a report on Monday, April 6th. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.24.
Get Our Latest Analysis on UWM
Institutional Trading of UWM
Institutional investors and hedge funds have recently made changes to their positions in the business. Allworth Financial LP raised its position in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. GAMMA Investing LLC raised its position in shares of UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock valued at $33,000 after acquiring an additional 4,344 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of UWM during the 3rd quarter valued at $38,000. Raymond James Financial Inc. bought a new stake in shares of UWM during the 2nd quarter valued at $35,000. Finally, Farther Finance Advisors LLC raised its position in shares of UWM by 1,410.7% during the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company’s stock valued at $38,000 after acquiring an additional 8,027 shares during the last quarter. Institutional investors own 53.59% of the company’s stock.
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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