UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat Sells 400,036 Shares

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the firm's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $4.14, for a total value of $1,656,149.04. Following the completion of the transaction, the chief executive officer now owns 2,099,784 shares in the company, valued at approximately $8,693,105.76. This trade represents a 16.00% 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, 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 stock was 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 transaction of $1,596,143.64.

UWM Price Performance

Shares of UWMC traded up $0.03 during trading hours on Thursday, reaching $4.17. 5,218,772 shares of the stock traded hands, compared to its average volume of 3,683,274. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.87. The company's 50-day moving average price is $4.27 and its two-hundred day moving average price is $5.32. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.29). The business had revenue of $613.37 million during the quarter, compared to analysts' expectations of $558.80 million. UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. Research analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 9.60%. UWM's dividend payout ratio is presently -307.69%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UWMC. Wedbush restated a "neutral" rating and set a $6.50 target price on shares of UWM in a research report on Monday, March 3rd. The Goldman Sachs Group lowered their target price on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Keefe, Bruyette & Woods reduced 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, UBS Group raised UWM from a "sell" rating to a "neutral" rating and decreased their price objective for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $6.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock valued at $32,000 after buying an additional 2,958 shares during the last quarter. Signaturefd LLC increased its holdings in UWM by 135.4% in the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after acquiring an additional 4,693 shares during the last quarter. Quarry LP purchased a new stake in UWM in the 1st quarter worth $53,000. Focus Partners Wealth purchased a new stake in UWM in the 1st quarter worth $55,000. Finally, Independent Advisor Alliance bought a new position in shares of UWM during the 1st quarter valued at about $58,000. 53.59% of the stock is currently owned by institutional investors.

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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