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 UWM stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $4.20, for a total transaction of $1,680,151.20. Following the transaction, the chief executive officer directly owned 4,099,208 shares in the company, valued at $17,216,673.60. This trade represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, July 21st, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.40, for a total transaction of $1,760,158.40.
• On Wednesday, July 16th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.17, for a total transaction of $1,668,150.12.
• On Monday, July 14th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.22, for a total transaction of $1,688,151.92.
• On Friday, July 11th, 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 Wednesday, July 9th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.26, for a total transaction of $1,704,153.36.
• 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 stock was 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 stock was 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 shares were 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.

UWM Stock Up 3.9%

UWMC traded up $0.17 on Monday, hitting $4.41. The company had a trading volume of 8,355,557 shares, compared to its average volume of 4,046,387. The stock has a fifty day moving average price of $4.17 and a 200-day moving average price of $5.11. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month 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 stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of -33.88 and a beta of 1.68.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly 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 business had revenue of $613.37 million during the quarter, compared to analyst estimates of $558.80 million. UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. Analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 9.08%. The ex-dividend date was Wednesday, June 18th. UWM's dividend payout ratio (DPR) is -307.69%.

Institutional Investors Weigh In On UWM

A number of institutional investors and hedge funds have recently modified their holdings of UWMC. GAMMA Investing LLC lifted its holdings in UWM by 101.8% in 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 period. Signaturefd LLC increased its position in shares of UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares in the last quarter. Quarry LP purchased a new stake in UWM in the 1st quarter valued at $53,000. Focus Partners Wealth purchased a new stake in UWM in the 1st quarter valued at $55,000. Finally, Independent Advisor Alliance purchased a new stake in UWM in the 1st quarter valued at $58,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on UWMC. Barclays upgraded UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 target price on the stock in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods lowered 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 note on Thursday, July 10th. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and cut their price target for the company from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price target on UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.

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