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

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold 400,036 shares of the company's stock on August 13th for a total of $2,180,196.20, reducing his ownership by 26.69%.
• UWM Holdings recently announced a quarterly dividend of $0.10 per share, with a payout date set for October 9th, marking a 7.3% yield.
• UWM's stock is currently trading at $5.49, reflecting a 1.9% decline on the day, amidst various rating changes from analysts, with a consensus target price of $5.54.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $5.45, for a total transaction of $2,180,196.20. Following the sale, the chief executive officer directly owned 1,098,560 shares in the company, valued at $5,987,152. The trade was a 26.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 11th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.58, for a total transaction of $1,832,164.88.
• On Friday, August 8th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.58, for a total transaction of $1,832,164.88.
• On Wednesday, August 6th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.25, for a total transaction of $1,700,153.00.
• On Monday, August 4th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.25, for a total transaction of $1,700,153.00.
• On Friday, August 1st, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.19, for a total transaction of $1,676,150.84.
• On Wednesday, July 30th, 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 Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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.

UWM Stock Down 1.9%

UWMC traded down $0.10 during trading on Thursday, hitting $5.49. 16,552,068 shares of the company's stock were exchanged, compared to its average volume of 5,734,146. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.85. The business's 50 day moving average is $4.28 and its two-hundred day moving average is $4.94. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $9.74. The stock has a market cap of $8.77 billion, a P/E ratio of -109.72 and a beta of 1.70.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.10. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The firm had revenue of $758.70 million for the quarter, compared to the consensus estimate of $621.60 million. As a group, equities analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.40 annualized dividend and a yield of 7.3%. UWM's dividend payout ratio is presently -800.00%.

Analyst Upgrades and Downgrades

UWMC has been the topic of a number of research reports. The Goldman Sachs Group dropped 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. 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, July 8th. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and dropped their target price for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods downgraded shares of UWM from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $6.50 to $4.50 in a research report on Thursday, July 10th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, UWM has an average rating of "Hold" and a consensus target price of $5.54.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UWMC. GAMMA Investing LLC grew its stake 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 acquiring an additional 2,958 shares in the last quarter. Sherbrooke Park Advisers LLC grew its position in UWM by 17.4% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock valued at $118,000 after buying an additional 2,975 shares during the period. Mariner LLC grew its position in UWM by 5.1% during the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock valued at $378,000 after buying an additional 3,126 shares during the period. Price T Rowe Associates Inc. MD grew its position in UWM by 13.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock valued at $174,000 after buying an additional 3,524 shares during the period. Finally, Bleakley Financial Group LLC grew its position in UWM by 10.9% during the first quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company's stock valued at $241,000 after buying an additional 4,336 shares during the period. 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.

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