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

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold 400,036 shares of the company's stock for a total value of approximately $1.7 million, resulting in a 9.31% decrease in his holdings.
• UWM stock recently increased by 2.4%, trading at $4.27, with a market capitalization of $6.83 billion.
• UWM announced a quarterly dividend of $0.10 per share, showing a high annualized yield of 9.4%, despite reporting a negative net margin.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the company's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $4.25, for a total transaction of $1,700,153.00. Following the completion of the transaction, the chief executive officer directly owned 3,898,812 shares in the company, valued at approximately $16,569,951. The trade was a 9.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Friday, August 1st, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.19, for a total transaction of $1,676,150.84.
• On Wednesday, July 30th, 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 Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.24, for a total value of $1,696,152.64.
• On Friday, July 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.23, for a total value of $1,692,152.28.
• On Wednesday, July 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.65, for a total value of $1,860,167.40.
• On Monday, July 21st, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.40, for a total value of $1,760,158.40.
• 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 transaction of $1,680,151.20.
• On Wednesday, July 16th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.17, for a total transaction of $1,668,150.12.
• 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 Friday, July 11th, 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.

UWM Stock Up 2.4%

Shares of UWMC traded up $0.10 on Monday, hitting $4.27. 5,253,735 shares of the stock traded hands, compared to its average volume of 5,324,103. The company has a market capitalization of $6.83 billion, a PE ratio of -32.85 and a beta of 1.70. 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 business has a 50 day simple moving average of $4.20 and a 200 day simple moving average of $5.01. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last announced its quarterly 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). The firm had revenue of $613.37 million for the quarter, compared to the consensus estimate 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 business also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend was Wednesday, June 18th. UWM's payout ratio is -307.69%.

Wall Street Analyst Weigh In

Several analysts have commented on UWMC shares. Keefe, Bruyette & Woods lowered shares of UWM from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $6.50 to $4.50 in a report on Thursday, July 10th. The Goldman Sachs Group lowered their price objective 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 upgraded shares of UWM from a "sell" rating to a "neutral" rating and lowered their price objective for the stock from $4.75 to $4.50 in a report on Wednesday, April 16th. Finally, Barclays upgraded shares of UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 target price for the company in a report on Tuesday, July 8th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $6.18.

Institutional Investors Weigh In On UWM

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in UWM by 101.8% in 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 during the period. Signaturefd LLC boosted its stake in shares of UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after acquiring an additional 4,693 shares during the last quarter. Quarry LP purchased a new position in shares of UWM during the 1st quarter worth $53,000. Focus Partners Wealth purchased a new position in shares of UWM during the 1st quarter worth $55,000. Finally, Independent Advisor Alliance purchased a new position in shares of UWM during the 1st quarter worth $58,000. Institutional investors own 53.59% of the company's stock.

About UWM

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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