UWM Holdings Corporation (NYSE:UWMC) CEO Sells $1,700,153.00 in Stock

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold 400,036 shares of the company stock, amounting to a total of $1,700,153.00, representing an 11.43% decrease in his ownership.
• Following the recent trades, Mat still holds 3,098,740 shares valued at approximately $13,169,645.
• UWM's stock is currently trading at about $4.49, with a recent earnings report showing $0.16 EPS, surpassing analysts' expectations of $0.06.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of UWM stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $4.25, for a total value of $1,700,153.00. Following the completion of the sale, the chief executive officer directly owned 3,098,740 shares in the company, valued at $13,169,645. This trade represents a 11.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 4th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.25, for a total value of $1,700,153.00.
• 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 value 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 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 stock was sold at an average price of $4.22, for a total value of $1,688,151.92.

UWM Stock Performance

UWMC traded up $0.27 during midday trading on Thursday, hitting $4.49. 16,358,642 shares of the company were exchanged, compared to its average volume of 5,421,579. The company's 50 day simple moving average is $4.21 and its 200 day simple moving average is $4.98. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of -34.50 and a beta of 1.70. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.87. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $9.74.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.10. UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The firm had revenue of $758.70 million for the quarter, compared to analysts' expectations of $621.60 million. As a group, sell-side analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on UWMC. Keefe, Bruyette & Woods lowered 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 report on Thursday, July 10th. The Goldman Sachs Group decreased their price objective on UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a report on Wednesday, July 2nd. Barclays upgraded UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective for the company in a report on Tuesday, July 8th. Finally, UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and decreased their price objective for the company from $4.75 to $4.50 in a report on Wednesday, April 16th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, UWM has a consensus rating of "Hold" and an average price target of $5.54.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of 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 in the last quarter. Signaturefd LLC boosted its stake in UWM by 135.4% in the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after acquiring an additional 4,693 shares in the last quarter. R Squared Ltd acquired a new position in UWM in the second quarter valued at $51,000. Quarry LP purchased a new stake in shares of UWM in the first quarter valued at about $53,000. Finally, Focus Partners Wealth purchased a new stake in shares of UWM in the first quarter valued at about $55,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

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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