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 dated Monday, July 21st. The stock was sold at an average price of $4.40, for a total value of $1,760,158.40. Following the transaction, the chief executive officer directly owned 3,699,172 shares of the company's stock, valued at approximately $16,276,356.80. This represents a 9.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, July 18th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.20, for a total value of $1,680,151.20.
• On Wednesday, July 16th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.17, for a total value of $1,668,150.12.
• 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 value 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 value 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 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 stock was sold at an average price of $4.13, for a total value 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 value 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 value of $1,656,149.04.

UWM Trading Up 3.9%

NYSE UWMC traded up $0.17 during trading hours on Monday, hitting $4.41. 8,355,557 shares of the company's stock were exchanged, compared to its average volume of 4,046,387. The business's 50 day moving average is $4.17 and its 200-day moving average is $5.11. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $9.74. The firm has a market capitalization of $7.04 billion, a P/E ratio of -33.88 and a beta of 1.68. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50.

UWM (NYSE:UWMC - Get Free Report) last released its earnings results 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 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, analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 9.08%. UWM's dividend payout ratio (DPR) is -307.69%.

Hedge Funds Weigh In On UWM

Large investors have recently modified their holdings of the company. 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 in the last quarter. Signaturefd LLC lifted 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 last quarter. Quarry LP bought a new position in UWM during the first quarter worth $53,000. Focus Partners Wealth bought a new position in UWM during the first quarter worth $55,000. Finally, Independent Advisor Alliance bought a new position in UWM during the first quarter worth $58,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UWMC has been the subject of several research analyst reports. The Goldman Sachs Group cut their price objective on UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, July 2nd. Barclays raised 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. UBS Group raised 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. Finally, Keefe, Bruyette & Woods lowered UWM from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $6.50 to $4.50 in a report on Thursday, July 10th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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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