UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of UWM stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $3.99, for a total value of $1,596,143.64. Following the sale, the chief executive officer now directly owns 4,099,964 shares in the company, valued at $16,358,856.36. The trade was a 8.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
UWM Stock Up 2.1%
Shares of UWM stock traded up $0.09 during midday trading on Friday, reaching $4.06. 4,569,385 shares of the company's stock traded hands, compared to its average volume of 4,807,645. The company has a market cap of $6.48 billion, a price-to-earnings ratio of -31.19 and a beta of 1.70. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $9.74. The company's 50 day simple moving average is $4.30 and its 200 day simple moving average is $5.38. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50.
UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.29). The company had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. Equities analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 9.86%. UWM's payout ratio is currently -307.69%.
Analyst Ratings Changes
A number of analysts have commented on UWMC shares. Wedbush restated a "neutral" rating and set a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. Keefe, Bruyette & Woods lowered their price objective on shares of UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and cut their target price for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group lowered their price target on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $6.86.
Get Our Latest Research Report on UWMC
Hedge Funds Weigh In On UWM
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after buying an additional 2,958 shares during the period. Signaturefd LLC lifted its position in UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after acquiring an additional 4,693 shares during the last quarter. Quarry LP bought a new stake in UWM during the first quarter valued at about $53,000. Focus Partners Wealth acquired a new stake in shares of UWM in the first quarter valued at about $55,000. Finally, Independent Advisor Alliance bought a new position in shares of UWM in the first quarter worth about $58,000. Institutional investors and hedge funds own 53.59% of the company's stock.
About UWM
(
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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.
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