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 business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $4.17, for a total transaction of $1,668,150.12. Following the transaction, the chief executive officer owned 4,899,280 shares in the company, valued at $20,429,997.60. This trade represents a 7.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, July 14th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.22, for a total transaction of $1,688,151.92.
• On Friday, July 11th, 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 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 transaction of $1,704,153.36.
• On Monday, July 7th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.05, for a total transaction of $1,620,145.80.
• On Wednesday, July 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.32, for a total transaction of $1,728,155.52.
• On Monday, June 30th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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 stock was 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 transaction 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 transaction of $1,608,144.72.

UWM Trading Down 0.8%

Shares of UWMC stock traded down $0.04 on Thursday, hitting $4.18. 4,965,472 shares of the stock traded hands, compared to its average volume of 3,995,970. The firm's 50-day moving average price is $4.17 and its two-hundred day moving average price is $5.13. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $6.68 billion, a PE ratio of -32.12 and a beta of 1.68. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data 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 company 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%. As a group, analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were issued a $0.10 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.40 annualized dividend and a yield of 9.58%. UWM's dividend payout ratio (DPR) is currently -307.69%.

Analysts Set New Price Targets

Several brokerages have issued reports on UWMC. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and lowered their target price for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Keefe, Bruyette & Woods cut shares of UWM from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $6.50 to $4.50 in a research note on Thursday, July 10th. The Goldman Sachs Group lowered their target price on shares of UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Finally, 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 research note on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $6.18.

Institutional Trading of UWM

Several institutional investors and hedge funds have recently bought and sold shares of UWMC. GAMMA Investing LLC increased its stake in UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares during the period. Signaturefd LLC increased its stake in UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares during the period. Quarry LP purchased a new stake in UWM during the first quarter worth about $53,000. Focus Partners Wealth purchased a new stake in UWM during the first quarter worth about $55,000. Finally, Independent Advisor Alliance purchased a new stake in UWM during the first quarter worth about $58,000. 53.59% of the stock is currently owned by hedge funds and other 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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