UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of UWM stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $4.14, for a total value of $1,656,149.04. Following the sale, the chief executive officer now directly owns 2,099,784 shares of the company's stock, valued at approximately $8,693,105.76. This trade represents a 16.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Monday, June 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were 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 Down 2.0%
Shares of UWMC traded down $0.09 during trading hours on Friday, hitting $4.11. The company had a trading volume of 9,275,601 shares, compared to its average volume of 3,724,770. The company has a market capitalization of $6.56 billion, a PE ratio of -31.58 and a beta of 1.70. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $9.74. The company's fifty day moving average price is $4.25 and its two-hundred day moving average price is $5.28.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results 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 for the quarter, compared to analyst estimates of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. As a group, equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.74%. UWM's payout ratio is -307.69%.
Analyst Ratings Changes
A number of brokerages have weighed in on UWMC. Keefe, Bruyette & Woods decreased their target price on UWM from $7.50 to $6.50 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Wedbush reaffirmed a "neutral" rating and set a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. UBS Group raised UWM from a "sell" rating to a "neutral" rating and reduced their price target for the stock from $4.75 to $4.50 in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group reduced their price target on UWM from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.86.
Get Our Latest Analysis on UWMC
Institutional Investors Weigh In On UWM
A number of large investors have recently modified their holdings of UWMC. GAMMA Investing LLC grew its stake in UWM by 101.8% during the 1st quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock valued at $32,000 after purchasing an additional 2,958 shares during the last quarter. Signaturefd LLC grew its stake in UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after purchasing an additional 4,693 shares during the last quarter. Quarry LP purchased a new stake in UWM during the 1st quarter valued at about $53,000. Focus Partners Wealth purchased a new stake in UWM during the 1st quarter valued at about $55,000. Finally, Independent Advisor Alliance purchased a new stake in UWM during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
UWM Company Profile
(
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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