UWM (NYSE:UWMC) CEO Sells 632,874 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 632,874 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $5.82, for a total transaction of $3,683,326.68. Following the completion of the sale, the chief executive officer directly owned 5,952,509 shares of the company’s stock, valued at approximately $34,643,602.38. The trade was a 9.61% decrease in their position. The sale 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, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $6.04, for a total transaction of $3,822,558.96.
• On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.46, for a total transaction of $3,455,492.04.
• On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.35, for a total transaction of $3,385,875.90.
• On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.27, for a total value of $3,335,245.98.
• On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total value of $2,974,507.80.
• On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.43, for a total value of $2,803,631.82.
• On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total transaction of $2,797,303.08.
• On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.37, for a total transaction of $2,765,659.38.
• On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total transaction of $2,797,303.08.
• On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.57, for a total transaction of $2,892,234.18.

UWM Price Performance

NYSE UWMC traded up $0.03 during trading hours on Wednesday, hitting $5.80. 16,029,972 shares of the company’s stock traded hands, compared to its average volume of 20,589,236. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14. The firm’s 50-day moving average is $5.19 and its 200-day moving average is $5.32.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). The company had revenue of $151.14 million for the quarter, compared to analysts’ expectations of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. As a group, research analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a yield of 6.9%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. State of Wyoming increased its stake in UWM by 24.9% during the 3rd quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after buying an additional 2,902 shares during the period. Arizona State Retirement System increased its holdings in UWM by 8.1% in the third quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock valued at $309,000 after buying an additional 3,785 shares during the last quarter. Allworth Financial LP lifted its holdings in UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock worth $25,000 after buying an additional 4,091 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $33,000 after acquiring an additional 4,344 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in shares of UWM by 23.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company’s stock valued at $99,000 after acquiring an additional 4,552 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analysts Set New Price Targets

UWMC has been the topic of several analyst reports. Morgan Stanley set a $6.00 price target on shares of UWM in a research report on Tuesday, December 16th. UBS Group upped their price target on UWM from $5.50 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Barclays upped 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. Finally, The Goldman Sachs Group set a $5.00 price target on shares of UWM in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, UWM currently has an average rating of “Hold” and a consensus target price of $6.53.

About UWM

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.