UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $3.71, for a total value of $3,712,129.54. Following the sale, the chief executive officer owned 5,325,265 shares of the company’s stock, valued at approximately $19,756,733.15. This trade represents a 15.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.66, for a total value of $3,662,100.84.
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $3.55, for a total value 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 value 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 value 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 value of $3,602,066.40.
- On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
UWM Price Performance
Shares of UWMC traded up $0.03 during trading hours on Monday, hitting $3.72. 13,391,339 shares of the stock were exchanged, compared to its average volume of 18,569,434. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. UWM Holdings Corporation has a 12-month low of $3.38 and a 12-month high of $7.14. The company has a market cap of $5.95 billion, a price-to-earnings ratio of 61.98 and a beta of 1.93. The stock’s 50-day moving average price is $4.16 and its two-hundred day moving average price is $4.97.
UWM Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.8%. The ex-dividend date was Thursday, March 19th. UWM’s dividend payout ratio is presently 666.67%.
Hedge Funds Weigh In On UWM
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in UWM by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company’s stock worth $83,042,000 after acquiring an additional 1,676,754 shares in the last quarter. Azora Capital LP lifted its stake in UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company’s stock worth $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Brandes Investment Partners LP acquired a new position in UWM during the 4th quarter worth about $45,867,000. Balyasny Asset Management L.P. lifted its stake in UWM by 116.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company’s stock worth $24,803,000 after acquiring an additional 3,224,806 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in UWM during the 3rd quarter worth about $32,630,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
UWMC has been the subject of several analyst reports. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Morgan Stanley set a $6.00 target price on UWM in a report on Tuesday, December 16th. Keefe, Bruyette & Woods dropped their target price on UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday. Barclays dropped their target price on UWM from $6.00 to $5.00 and set an “overweight” rating for the company in a report on Monday, April 6th. Finally, Wall Street Zen upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, UWM has an average rating of “Hold” and an average target price of $6.24.
Check Out Our Latest Stock Analysis 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.
Further Reading
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