UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat Sells 400,036 Shares

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the business's stock in a transaction dated Wednesday, July 9th. The stock was sold at an average price of $4.26, for a total transaction of $1,704,153.36. Following the completion of the transaction, the chief executive officer directly owned 2,699,460 shares in the company, valued at $11,499,699.60. This trade represents a 12.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, July 7th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.05, for a total value of $1,620,145.80.
• On Wednesday, July 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.32, for a total value of $1,728,155.52.
• On Monday, June 30th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.13, for a total value of $1,652,148.68.
• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.12, for a total value of $1,648,148.32.
• On Wednesday, June 25th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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 stock was 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 transaction of $1,596,143.64.

UWM Stock Up 0.2%

UWM stock traded up $0.01 on Friday, hitting $4.16. 5,766,530 shares of the stock traded hands, compared to its average volume of 3,911,991. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. The firm has a market cap of $6.65 billion, a P/E ratio of -32.00 and a beta of 1.68. The business's fifty day simple moving average is $4.18 and its 200 day simple moving average is $5.17. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.29). The firm had revenue of $613.37 million for the quarter, compared to analysts' expectations of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. As a group, sell-side analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.62%. The ex-dividend date was Wednesday, June 18th. UWM's dividend payout ratio is currently -307.69%.

Hedge Funds Weigh In On UWM

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its position in shares of UWM by 101.8% in the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares during the last quarter. Signaturefd LLC increased its holdings 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 buying an additional 4,693 shares in the last quarter. Quarry LP bought a new stake in UWM in the 1st quarter worth about $53,000. Focus Partners Wealth bought a new stake in UWM in the 1st quarter worth about $55,000. Finally, Independent Advisor Alliance bought a new stake in UWM in the 1st quarter worth about $58,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lowered UWM from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $6.50 to $4.50 in a research note on Thursday. Barclays raised UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price target for the company in a research note on Tuesday. UBS Group raised UWM from a "sell" rating to a "neutral" rating and dropped their price target for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group dropped their price target on UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a research note on Wednesday, July 2nd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $6.18.

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.