UWM (NYSE:UWMC) CEO Ishbia Mat Sells 400,056 Shares

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold 400,056 shares of the company at an average price of $6.88, totaling approximately $2.75 million, which represents a 26.71% decrease in his position.
• UWM recently announced a $0.10 quarterly dividend to be paid on October 9th, with the ex-dividend date set for September 18th, reflecting a 5.9% annualized yield.
• The company's stock performance shows a 52-week range between $3.80 and $9.25, with shares trading at $6.76, indicating recent trading volume of over 7.5 million shares.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,056 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $6.88, for a total transaction of $2,752,385.28. Following the completion of the sale, the chief executive officer directly owned 1,097,784 shares in the company, valued at approximately $7,552,753.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, September 15th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $6.84, for a total transaction of $4,079,075.04.
• On Wednesday, September 10th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $6.77, for a total transaction of $2,708,243.72.
• On Monday, September 8th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $6.44, for a total transaction of $2,576,231.84.
• On Thursday, September 4th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.81, for a total transaction of $2,324,209.16.
• On Tuesday, September 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.59, for a total transaction of $2,236,201.24.
• On Friday, August 29th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.70, for a total transaction of $2,280,205.20.
• On Wednesday, August 27th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.68, for a total transaction of $2,272,204.48.
• On Monday, August 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.73, for a total transaction of $2,292,206.28.
• On Friday, August 22nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.78, for a total transaction of $2,312,208.08.
• On Wednesday, August 20th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.60, for a total transaction of $2,240,201.60.

UWM Stock Performance

Shares of NYSE:UWMC traded down $0.10 during trading hours on Monday, hitting $6.76. 7,563,359 shares of the company's stock traded hands, compared to its average volume of 8,013,398. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $9.25. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.55 and a current ratio of 1.55. The company's fifty day simple moving average is $5.03 and its two-hundred day simple moving average is $4.86.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.10. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. The company had revenue of $758.70 million during the quarter, compared to analyst estimates of $621.60 million. Research analysts forecast 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, October 9th. Shareholders of record on Thursday, September 18th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Thursday, September 18th. UWM's dividend payout ratio (DPR) is presently -800.00%.

Analyst Ratings Changes

Several research analysts have commented on UWMC shares. The Goldman Sachs Group decreased their target price 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. Barclays raised shares of UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price target for the company in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods lowered shares of UWM from an "outperform" rating to a "market perform" rating and reduced their price target for the stock from $6.50 to $4.50 in a research report on Thursday, July 10th. Finally, Wall Street Zen raised shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $5.54.

Hedge Funds Weigh In On UWM

A number of institutional investors have recently made changes to their positions in UWMC. GAMMA Investing LLC grew its stake in shares of UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after acquiring an additional 2,958 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in UWM during the second quarter worth $35,000. Signaturefd LLC lifted its holdings in shares of UWM by 135.4% during 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 during the period. R Squared Ltd bought a new position in shares of UWM during the second quarter valued at $51,000. Finally, Quarry LP bought a new position in shares of UWM during the first quarter valued at $53,000. 53.59% of the stock is currently owned by institutional investors.

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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