UWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the company’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $3.49, for a total transaction of $3,492,003.26. Following the sale, the chief executive officer directly owned 3,330,431 shares of the company’s stock, valued at approximately $11,623,204.19. This represents a 23.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- 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 transaction of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction 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 shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
- On Monday, March 16th, 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 Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $2,335,305.06.
- On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total value of $2,474,537.34.
- On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $2,392,263.72.
- On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total value of $2,601,112.14.
UWM Stock Performance
UWM stock traded up $0.06 during midday trading on Thursday, hitting $3.70. The stock had a trading volume of 1,310,827 shares, compared to its average volume of 18,973,230. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14. The company has a market capitalization of $5.92 billion, a PE ratio of 61.58 and a beta of 1.92. The firm’s fifty day moving average is $4.43 and its two-hundred day moving average is $5.11. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.
UWM Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.8%. UWM’s dividend payout ratio is currently 666.67%.
Hedge Funds Weigh In On UWM
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brandes Investment Partners LP purchased a new position in UWM during the 4th quarter valued at approximately $45,867,000. Azora Capital LP raised its holdings in shares of 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. Integrated Investment Consultants LLC bought a new position in shares of UWM during the 3rd quarter valued at approximately $32,630,000. Renaissance Technologies LLC purchased a new position in shares of UWM in the fourth quarter valued at $21,580,000. Finally, 683 Capital Management LLC purchased a new position in shares of UWM in the second quarter valued at $19,872,000. 53.59% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on UWMC shares. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Barclays cut their target price on UWM from $7.00 to $6.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Morgan Stanley set a $6.00 price target on UWM in a report on Tuesday, December 16th. Compass Point began coverage on shares of UWM in a report on Tuesday, March 10th. They set a “buy” rating and a $8.50 price objective for the company. Finally, The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research report on Tuesday, January 6th. Three investment 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.49.
View 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.
See Also
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