UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the firm's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $4.10, for a total transaction of $1,640,147.60. Following the completion of the sale, the chief executive officer now owns 2,899,856 shares of the company's stock, valued at $11,889,409.60. This trade represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Ishbia Mat also recently made the following trade(s):
- 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 value of $1,656,149.04.
- On Friday, June 20th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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 Stock Performance
NYSE:UWMC traded up $0.03 during mid-day trading on Thursday, reaching $4.17. The company's stock had a trading volume of 5,218,772 shares, compared to its average volume of 3,683,274. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. The stock has a market cap of $6.66 billion, a P/E ratio of -32.04 and a beta of 1.70. The firm's fifty day moving average price is $4.27 and its two-hundred day moving average price is $5.32. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $9.74.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings data 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). UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. The company had revenue of $613.37 million for the quarter, compared to analysts' expectations of $558.80 million. On average, equities analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.
UWM Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Wednesday, June 18th. UWM's payout ratio is currently -307.69%.
Institutional Trading of UWM
A number of hedge funds have recently bought and sold shares of UWMC. Inspire Investing LLC increased its position in shares of UWM by 14.7% during the 1st quarter. Inspire Investing LLC now owns 216,640 shares of the company's stock valued at $1,183,000 after purchasing an additional 27,751 shares during the last quarter. Focus Partners Wealth bought a new position in UWM in the first quarter worth approximately $55,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of UWM during the 1st quarter worth $92,000. AQR Capital Management LLC grew its position in shares of UWM by 1,144.7% during the 1st 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 period. Finally, PDT Partners LLC increased its stake in shares of UWM by 330.6% in the 1st quarter. PDT Partners LLC now owns 146,698 shares of the company's stock worth $801,000 after purchasing an additional 112,632 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on UWMC. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and lowered their target price for the company from $4.75 to $4.50 in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Keefe, Bruyette & Woods lowered their price target on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Finally, Wedbush reiterated a "neutral" rating and issued a $6.50 price target on shares of UWM in a research note on Monday, March 3rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $6.86.
Check Out Our Latest Stock Analysis on UWM
About UWM
(
Get Free Report)
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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