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

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 596,356 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $4.96, for a total transaction of $2,957,925.76. Following the transaction, the chief executive officer owned 6,472,696 shares in the company, valued at $32,104,572.16. This represents a 8.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $2,945,998.64.
• On Thursday, November 13th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.27, for a total value of $3,142,796.12.
• On Monday, November 10th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.47, for a total value of $3,262,067.32.
• On Friday, November 7th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.18, for a total value of $3,089,124.08.
• On Wednesday, November 5th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.69, for a total transaction of $3,393,265.64.
• On Monday, November 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.76, for a total value of $3,435,010.56.
• On Friday, October 31st, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.59, for a total value of $3,333,630.04.
• On Wednesday, October 29th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.70, for a total value of $3,399,229.20.
• On Monday, October 27th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.83, for a total transaction of $3,476,755.48.
• On Friday, October 24th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.87, for a total transaction of $3,500,609.72.

UWM Trading Up 1.0%

Shares of UWM stock opened at $5.01 on Thursday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.55 and a current ratio of 1.55. The company has a fifty day moving average of $5.78 and a 200 day moving average of $5.00. The company has a market capitalization of $8.01 billion, a P/E ratio of -100.16 and a beta of 1.79. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14.

UWM (NYSE:UWMC) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 5.56% and a net margin of 0.48%.The business had revenue of $151.14 million during the quarter, compared to the consensus estimate of $651.51 million. On average, sell-side analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Thursday, December 18th.

Analyst Ratings Changes

Several research firms have recently commented on UWMC. Wall Street Zen downgraded shares of UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a research note on Wednesday, October 8th. Zacks Research raised shares of UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. BTIG Research reaffirmed a “buy” rating and issued a $10.00 target price on shares of UWM in a report on Monday, September 22nd. Finally, UBS Group boosted their target price on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, UWM presently has an average rating of “Hold” and an average target price of $6.54.

Hedge Funds Weigh In On UWM

A number of institutional investors and hedge funds have recently made changes to their positions in UWMC. GAMMA Investing LLC increased its stake in UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company’s stock worth $33,000 after acquiring an additional 4,344 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of UWM in the 2nd quarter worth approximately $35,000. Advisory Services Network LLC bought a new position in shares of UWM during the 3rd quarter valued at approximately $38,000. Signaturefd LLC raised its holdings in UWM by 135.4% during the 1st 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. Finally, R Squared Ltd bought a new stake in UWM in the second quarter worth $51,000. 53.59% of the stock is 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.