UWM Holdings Corporation (NYSE:UWMC) CEO Sells $1,648,148.32 in Stock

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $4.12, for a total transaction of $1,648,148.32. Following the completion of the sale, the chief executive officer owned 1,299,712 shares of the company's stock, valued at $5,354,813.44. The trade was a 23.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, June 30th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.13, for a total value of $1,652,148.68.
• On Wednesday, June 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.14, for a total value of $1,656,149.04.
• On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.10, for a total transaction of $1,640,147.60.
• On Friday, June 20th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.02, for a total transaction of $1,608,144.72.
• On Tuesday, June 17th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $3.99, for a total value of $1,596,143.64.

UWM Price Performance

UWMC traded down $0.02 on Friday, reaching $4.27. The company had a trading volume of 4,908,584 shares, compared to its average volume of 3,795,678. 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 Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $9.74. The company has a market cap of $6.83 billion, a price-to-earnings ratio of -32.85 and a beta of 1.68. The business has a 50 day simple moving average of $4.23 and a 200 day simple moving average of $5.23.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 3.86% and a negative net margin of 0.36%. As a group, sell-side analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders 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 annualized dividend and a dividend yield of 9.37%. UWM's dividend payout ratio (DPR) is presently -307.69%.

Hedge Funds Weigh In On UWM

A number of large investors have recently modified their holdings of the company. GAMMA Investing LLC grew its position in UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock valued at $32,000 after acquiring an additional 2,958 shares during the last quarter. Signaturefd LLC raised its position in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares during the period. Quarry LP bought a new position in shares of UWM during the first quarter valued at about $53,000. Focus Partners Wealth bought a new position in shares of UWM during the first quarter valued at about $55,000. Finally, Independent Advisor Alliance purchased a new position in shares of UWM in the first quarter worth about $58,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UWMC shares. The Goldman Sachs Group decreased their price objective on UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday. Keefe, Bruyette & Woods decreased their price target on UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Finally, UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and cut their price objective for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $6.75.

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.