Ishbia Mat Sells 400,036 Shares of UWM Holdings Corporation (NYSE:UWMC) 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 11th. The stock was sold at an average price of $4.14, for a total transaction of $1,656,149.04. Following the completion of the transaction, the chief executive officer owned 1,899,388 shares of the company's stock, valued at $7,863,466.32. This represents a 17.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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 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 value of $1,704,153.36.
• On Monday, July 7th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.05, for a total value 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 shares were sold at an average price of $4.13, for a total transaction of $1,652,148.68.
• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.12, for a total transaction of $1,648,148.32.
• 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 transaction of $1,656,149.04.
• On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.10, for a total value of $1,640,147.60.
• On Friday, June 20th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.02, for a total value 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 value of $1,596,143.64.

UWM Stock Performance

Shares of UWM stock traded up $0.09 on Monday, reaching $4.24. 6,505,559 shares of the stock were exchanged, compared to its average volume of 5,113,853. 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 firm has a market capitalization of $6.77 billion, a PE ratio of -32.58 and a beta of 1.68. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $9.74. The business has a fifty day moving average price of $4.18 and a two-hundred day moving average price of $5.16.

UWM (NYSE:UWMC - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.29). UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The business had revenue of $613.37 million for the quarter, compared to analysts' expectations of $558.80 million. As a group, research analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were paid a dividend of $0.10 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.45%. UWM's dividend payout ratio (DPR) is presently -307.69%.

Institutional Trading of UWM

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares in the last quarter. Sherbrooke Park Advisers LLC grew its holdings in UWM by 17.4% during the 4th 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 last quarter. Mariner LLC increased its position in UWM by 5.1% during the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after buying an additional 3,126 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of UWM by 20.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,330 shares of the company's stock worth $119,000 after acquiring an additional 3,488 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of UWM by 13.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after acquiring an additional 3,524 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. 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 report on Tuesday, July 8th. The Goldman Sachs Group reduced their target price on shares of UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. UBS Group raised UWM from a "sell" rating to a "neutral" rating and lowered their price target for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods downgraded UWM from an "outperform" rating to a "market perform" rating and reduced their price objective for the company from $6.50 to $4.50 in a research note on Thursday. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, UWM has a consensus rating of "Hold" and an average target price 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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