UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $3.78, for a total transaction of $2,392,263.72. Following the sale, the chief executive officer owned 4,867,667 shares of the company's stock, valued at $18,399,781.26. This trade represents a 11.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Ishbia Mat also recently made the following trade(s):
- On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total value of $2,601,112.14.
- On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total value of $2,689,714.50.
- On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.03, for a total value of $2,550,482.22.
- On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.52, for a total value of $2,860,590.48.
- On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.77, for a total value of $3,018,808.98.
- On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total value of $3,088,425.12.
- On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $3,126,397.56.
- On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.66, for a total transaction of $2,949,192.84.
- On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total transaction of $2,917,549.14.
- On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.84, for a total transaction of $3,063,110.16.
UWM Stock Performance
NYSE UWMC traded up $0.02 during midday trading on Monday, hitting $3.88. The company had a trading volume of 23,199,354 shares, compared to its average volume of 19,592,791. The firm has a fifty day simple moving average of $4.94 and a two-hundred day simple moving average of $5.40. UWM Holdings Corporation has a fifty-two week low of $3.64 and a fifty-two week high of $7.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 64.73 and a beta of 1.90.
UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The company had revenue of $945.25 million for the quarter, compared to analyst estimates of $759.12 million. Equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $0.40 annualized dividend and a yield of 10.3%. UWM's dividend payout ratio is 666.67%.
Institutional Investors Weigh In On UWM
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in UWM by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company's stock valued at $83,042,000 after purchasing an additional 1,676,754 shares during the last quarter. Azora Capital LP grew its stake in UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after buying an additional 7,881,586 shares during the last quarter. Brandes Investment Partners LP bought a new stake in UWM during the fourth quarter worth about $45,867,000. Balyasny Asset Management L.P. increased its holdings in shares of UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company's stock worth $24,803,000 after buying an additional 3,224,806 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of UWM in the third quarter valued at approximately $32,630,000. Institutional investors own 53.59% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on UWMC. Keefe, Bruyette & Woods decreased their price objective on UWM from $6.75 to $6.00 and set a "market perform" rating on the stock in a report on Friday, February 27th. Barclays lowered their price target on shares of UWM from $7.00 to $6.00 and set an "overweight" rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a report on Tuesday, January 6th. Wall Street Zen raised shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, February 28th. Finally, Jefferies Financial Group set a $4.40 price target on shares of UWM in a research note on Wednesday, February 25th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, UWM presently has an average rating of "Hold" and an average price target of $6.20.
View Our Latest Report on UWMC
About UWM
(
Get Free Report)
United Wholesale Mortgage NYSE: UWMC is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.
The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider UWM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UWM wasn't on the list.
While UWM currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
