Ishbia Mat Sells 400,036 Shares of UWM Holdings Corporation (NYSE:UWMC) 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 the company's stock in a transaction dated Wednesday, August 6th. 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 sale, the chief executive officer directly owned 3,098,740 shares in the company, valued at $13,169,645. This represents a 11.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $4.25, for a total transaction of $1,700,153.00.
• On Friday, August 1st, Ishbia Mat sold 400,036 shares of UWM stock. The shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,760,158.40.
• On Friday, July 18th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was 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.

UWM Stock Performance

NYSE:UWMC traded up $0.09 during trading hours on Monday, reaching $4.61. The company had a trading volume of 1,121,649 shares, compared to its average volume of 5,433,843. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. The firm has a market cap of $7.37 billion, a PE ratio of -91.50 and a beta of 1.70. The business's 50 day moving average price is $4.22 and its 200-day moving average price is $4.94. 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 announced its earnings results on Thursday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.10. The company had revenue of $758.70 million for the quarter, compared to analysts' expectations of $621.60 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. Research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Shareholders of record on Thursday, September 18th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Thursday, September 18th. UWM's dividend payout ratio (DPR) is -800.00%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its position 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 in the last quarter. Signaturefd LLC increased 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 purchasing an additional 4,693 shares during the last quarter. Quarry LP acquired a new position in UWM in the first quarter valued at $53,000. Focus Partners Wealth acquired a new position in UWM in the first quarter valued at $55,000. Finally, Independent Advisor Alliance purchased a new position in UWM in the first quarter valued at about $58,000. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on UWMC shares. Barclays upgraded shares of UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective on the stock in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods cut 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 research note 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 on the stock in a research note on Wednesday, July 2nd. UBS Group upgraded shares of UWM from a "sell" rating to a "neutral" rating and decreased their target price for the stock from $4.75 to $4.50 in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Saturday. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, UWM currently has a consensus rating of "Hold" and an average target price of $5.54.

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.