UWM (NYSE:UWMC) CEO Sells $4,061,184.36 in Stock

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold 596,356 shares of the company's stock on September 17th for a total value of $4,061,184.36, marking an 8.89% decrease in his ownership.
• UWM's stock price recently experienced a decline of 2.1%, trading at $6.58 with a market capitalization of $10.52 billion.
• The company declared a $0.10 quarterly dividend to be paid on October 9th, representing an annualized yield of 6.1%.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 596,356 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $6.81, for a total value of $4,061,184.36. Following the transaction, the chief executive officer owned 6,108,716 shares of the company's stock, valued at $41,600,355.96. This represents a 8.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 22nd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.23, for a total value of $3,715,297.88.
• On Friday, September 19th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.45, for a total value of $3,846,496.20.
• On Monday, September 15th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $6.84, for a total value of $4,079,075.04.
• On Friday, September 12th, Ishbia Mat sold 400,056 shares of UWM stock. The stock was sold at an average price of $6.88, for a total value of $2,752,385.28.
• On Wednesday, September 10th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $6.77, for a total value of $2,708,243.72.
• On Monday, September 8th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $6.44, for a total value of $2,576,231.84.
• On Thursday, September 4th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.81, for a total value of $2,324,209.16.
• On Tuesday, September 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.59, for a total value of $2,236,201.24.
• On Friday, August 29th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.70, for a total value of $2,280,205.20.
• On Wednesday, August 27th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.68, for a total value of $2,272,204.48.

UWM Stock Performance

Shares of UWMC stock traded down $0.09 during trading hours on Monday, hitting $6.32. 12,569,814 shares of the company's stock were exchanged, compared to its average volume of 7,825,112. The stock's 50-day moving average is $5.28 and its 200-day moving average is $4.87. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $8.73.

UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.16 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 negative return on equity of 5.56% and a net margin of 0.48%. Research analysts anticipate that UWM Holdings Corporation will post 0.2 EPS for the current year.

UWM Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Stockholders of record on Thursday, September 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, September 18th. UWM's dividend payout ratio is presently -800.00%.

Hedge Funds Weigh In On UWM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings 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 buying an additional 2,958 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock valued at $45,000 after purchasing an additional 4,693 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of UWM during the 2nd quarter valued at about $35,000. Quarry LP bought a new position in shares of UWM during the 1st quarter valued at about $53,000. Finally, Focus Partners Wealth bought a new position in shares of UWM during the 1st quarter valued at about $55,000. Institutional investors own 53.59% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Barclays upgraded UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price target on the stock in a report on Tuesday, July 8th. Wall Street Zen upgraded UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, August 9th. The Goldman Sachs Group decreased their price target on UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods cut UWM from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $6.50 to $4.50 in a report on Thursday, July 10th. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, UWM has a consensus rating of "Hold" and an average price target of $5.54.

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.