UWM Holdings Corporation (NYSE:UWMC) CEO Sells $1,652,148.68 in Stock

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the company's stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $4.13, for a total transaction of $1,652,148.68. Following the transaction, the chief executive officer owned 899,676 shares in the company, valued at approximately $3,715,661.88. The trade was a 30.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, June 27th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were 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 shares were 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 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 Performance

Shares of UWMC stock traded up $0.15 during trading hours on Tuesday, hitting $4.29. 7,551,453 shares of the company's stock traded hands, compared to its average volume of 3,763,072. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $9.74. The stock's fifty day simple moving average is $4.25 and its two-hundred day simple moving average is $5.26. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.50 and a quick ratio of 1.50.

UWM (NYSE:UWMC - Get Free Report) last released 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). UWM had a negative net margin of 0.36% and a negative return on equity of 3.86%. The firm had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. As a group, sell-side analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.32%. UWM's dividend payout ratio is currently -307.69%.

Analyst Upgrades and Downgrades

UWMC has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on UWM from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Keefe, Bruyette & Woods dropped their price objective on shares of UWM from $7.50 to $6.50 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. UBS Group raised shares of UWM from a "sell" rating to a "neutral" rating and reduced their price target for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Finally, Wedbush reissued a "neutral" rating and issued a $6.50 price target on shares of UWM in a research report on Monday, March 3rd. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.86.

Institutional Trading of UWM

Several hedge funds and other institutional investors have recently bought and sold shares of UWMC. First Trust Advisors LP boosted its position in UWM by 886.9% in the 4th quarter. First Trust Advisors LP now owns 3,727,477 shares of the company's stock valued at $21,880,000 after buying an additional 3,349,779 shares during the period. Vanguard Group Inc. lifted its position in UWM by 37.6% during the fourth quarter. Vanguard Group Inc. now owns 11,764,910 shares of the company's stock valued at $69,060,000 after acquiring an additional 3,212,081 shares during the last quarter. AQR Capital Management LLC grew its stake in UWM by 1,144.7% during the 1st quarter. AQR Capital Management LLC now owns 2,496,805 shares of the company's stock worth $13,633,000 after buying an additional 2,296,205 shares during the last quarter. Basswood Capital Management L.L.C. acquired a new position in shares of UWM during the fourth quarter valued at about $6,602,000. Finally, EMG Holdings L.P. acquired a new stake in shares of UWM during the fourth quarter worth $2,597,000. Hedge funds and other institutional investors own 53.59% of the company's stock.

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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