Ishbia Mat Sells 400,036 Shares of UWM (NYSE:UWMC) Stock

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 400,036 shares of the stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $5.81, for a total transaction of $2,324,209.16. Following the sale, the chief executive officer directly owned 3,498,020 shares in the company, valued at $20,323,496.20. This trade represents a 10.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Monday, September 8th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $6.44, for a total transaction of $2,576,231.84.
• On Tuesday, September 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.59, for a total value of $2,236,201.24.
• On Friday, August 29th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.70, for a total transaction of $2,280,205.20.
• On Wednesday, August 27th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.68, for a total transaction of $2,272,204.48.
• On Monday, August 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.73, for a total transaction of $2,292,206.28.
• On Friday, August 22nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.78, for a total transaction of $2,312,208.08.
• On Wednesday, August 20th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.60, for a total transaction of $2,240,201.60.
• On Monday, August 18th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.35, for a total transaction of $2,140,192.60.
• On Friday, August 15th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.39, for a total transaction of $2,156,194.04.
• On Wednesday, August 13th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.45, for a total transaction of $2,180,196.20.

UWM Stock Performance

Shares of UWMC opened at $6.41 on Wednesday. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $9.25. The company has a market cap of $10.25 billion, a price-to-earnings ratio of -128.20 and a beta of 1.76. 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 firm has a fifty day moving average of $4.87 and a 200-day moving average of $4.86.

UWM (NYSE:UWMC) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.10. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The company had revenue of $758.70 million during the quarter, compared to the consensus estimate of $621.60 million. As a group, equities analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Thursday, September 18th. UWM’s payout ratio is currently -800.00%.

Institutional Investors Weigh In On UWM

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its position in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company’s stock worth $32,000 after acquiring an additional 2,958 shares in the last quarter. Signaturefd LLC raised its position in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company’s stock worth $45,000 after acquiring an additional 4,693 shares in the last quarter. Raymond James Financial Inc. bought a new stake in UWM in the second quarter worth about $35,000. Quarry LP bought a new stake in UWM in the first quarter worth about $53,000. Finally, Focus Partners Wealth bought a new stake in UWM in the first quarter worth about $55,000. 53.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UWMC shares. Barclays upgraded shares of UWM from an “equal weight” rating to an “overweight” rating and set a $6.00 price objective on the stock in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods cut shares of UWM from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $6.50 to $4.50 in a research note on Thursday, July 10th. Wall Street Zen upgraded shares of UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, The Goldman Sachs Group cut their price objective on shares of UWM from $6.00 to $5.25 and set a “neutral” rating on the stock in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.54.

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.