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

Key Points

• UWM Holdings Corporation CEO Ishbia Mat sold 400,036 shares of stock on July 30th at an average price of $4.10, totaling about $1.64 million, which represents a 30.80% decrease in his holdings.
• The company's stock price has decreased by 0.9%, trading at $4.02, with a market cap of $6.42 billion and a negative PE ratio of -30.88.
• A recent dividend of $0.10 per share has been declared, resulting in an annualized yield of 10.0%, though the dividend payout ratio is significantly negative at -307.69%.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $4.10, for a total transaction of $1,640,147.60. Following the transaction, the chief executive officer owned 898,920 shares in the company, valued at $3,685,572. This trade represents a 30.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.24, for a total transaction of $1,696,152.64.
• On Friday, July 25th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.23, for a total transaction of $1,692,152.28.
• On Wednesday, July 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.65, for a total transaction of $1,860,167.40.
• On Monday, July 21st, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.40, for a total transaction of $1,760,158.40.
• On Friday, July 18th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.20, for a total transaction of $1,680,151.20.
• On Wednesday, July 16th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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 shares were sold at an average price of $4.14, for a total transaction 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.

UWM Price Performance

Shares of UWMC traded up $0.16 during mid-day trading on Friday, hitting $4.18. The company's stock had a trading volume of 11,133,063 shares, compared to its average volume of 6,693,357. The firm has a 50-day moving average price of $4.20 and a 200 day moving average price of $5.02. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of -32.15 and a beta of 1.70. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.50 and a quick ratio of 1.50. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week 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) earnings per share (EPS) 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%. On average, research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Wednesday, June 18th. UWM's dividend payout ratio (DPR) is -307.69%.

Analyst Ratings Changes

UWMC has been the topic of several recent research reports. 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. The Goldman Sachs Group lowered their target price on shares of UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods cut shares of UWM from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $6.50 to $4.50 in a research note on Thursday, July 10th. Finally, Barclays raised 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 note on Tuesday, July 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.18.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UWMC. GAMMA Investing LLC increased its position in shares of UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after acquiring an additional 2,958 shares in the last quarter. Signaturefd LLC boosted its holdings 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 during the period. R Squared Ltd acquired a new stake in shares of UWM during the second quarter worth approximately $51,000. Quarry LP acquired a new stake in shares of UWM during the first quarter worth approximately $53,000. Finally, Focus Partners Wealth acquired a new stake in shares of UWM during the first quarter worth approximately $55,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

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.