Insider Selling: UWM Holdings Corporation (NYSE:UWMC) CEO Sells 400,036 Shares of Stock

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 transaction, the chief executive officer owned 2,699,460 shares in the company, valued at approximately $11,499,699.60. The trade was a 12.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 transaction 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 transaction 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 transaction of $1,652,148.68.
• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.12, for a total transaction of $1,648,148.32.
• 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 transaction of $1,656,149.04.
• On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were 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 shares were sold at an average price of $3.99, for a total transaction of $1,596,143.64.

UWM Trading Up 0.8%

NYSE:UWMC traded up $0.04 during trading hours on Friday, hitting $4.19. The stock had a trading volume of 2,739,737 shares, compared to its average volume of 3,893,874. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $9.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50. The company has a market cap of $6.69 billion, a price-to-earnings ratio of -32.19 and a beta of 1.68. The business's 50 day moving average is $4.19 and its 200-day moving average is $5.18.

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

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 9.56%. The ex-dividend date was Wednesday, June 18th. UWM's payout ratio is -307.69%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in UWMC. First Trust Advisors LP boosted its holdings in UWM by 886.9% during the fourth quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock worth $21,880,000 after purchasing an additional 3,349,779 shares during the last quarter. Vanguard Group Inc. lifted its stake in UWM by 37.6% in the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock valued at $69,060,000 after acquiring an additional 3,212,081 shares during the last quarter. AQR Capital Management LLC lifted its stake in UWM by 1,144.7% in the first quarter. AQR Capital Management LLC now owns 2,496,805 shares of the company's stock valued at $13,633,000 after acquiring an additional 2,296,205 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new stake in UWM in the fourth quarter valued at $6,602,000. Finally, EMG Holdings L.P. acquired a new stake in shares of UWM during the 4th quarter worth about $2,597,000. Institutional investors and hedge funds own 53.59% of the company's stock.

About UWM

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.