UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,003,333 Shares

UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat sold 1,003,333 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, May 6th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,672,198.78.
• On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.57, for a total transaction of $3,581,898.81.
• On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The stock was sold at an average price of $3.62, for a total transaction of $3,623,706.88.
• On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The stock was sold at an average price of $3.53, for a total transaction of $3,297,235.33.
• On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.50, for a total transaction of $3,502,009.00.
• On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,611,117.04.
• On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72.
• On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.75, for a total transaction of $3,752,152.50.
• On Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total transaction of $3,702,123.80.
• On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.94, for a total transaction of $3,942,261.56.

UWM Trading Up 0.1%

Shares of NYSE:UWMC opened at $3.39 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. The company’s 50-day moving average price is $3.77 and its two-hundred day moving average price is $4.73. The stock has a market capitalization of $5.42 billion, a PE ratio of 12.54 and a beta of 1.78. UWM Holdings Corporation has a one year low of $3.27 and a one year high of $7.14.

UWM (NYSE:UWMC) last issued its earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The company had revenue of $901.43 million for the quarter, compared to analysts’ expectations of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 18.89%. On average, equities analysts forecast that UWM Holdings Corporation will post 0.4 EPS for the current fiscal year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, June 18th. UWM’s dividend payout ratio is presently 148.15%.

Institutional Trading of UWM

Several large investors have recently made changes to their positions in the company. Integrated Investment Consultants LLC acquired a new stake in UWM in the third quarter valued at approximately $32,630,000. Tudor Investment Corp ET AL acquired a new stake in UWM in the third quarter valued at approximately $12,237,000. Alight Capital Management LP acquired a new stake in UWM in the third quarter valued at approximately $3,958,000. Vanguard Group Inc. boosted its position in UWM by 6.2% in the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company’s stock valued at $105,252,000 after buying an additional 1,010,907 shares in the last quarter. Finally, Luxor Capital Group LP acquired a new stake in UWM in the third quarter valued at approximately $7,473,000. Institutional investors and hedge funds own 53.59% of the company’s stock.

Analysts Set New Price Targets

UWMC has been the topic of a number of research analyst reports. Jefferies Financial Group set a $4.40 target price on shares of UWM in a report on Wednesday, February 25th. Wall Street Zen raised shares of UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Compass Point assumed coverage on shares of UWM in a report on Tuesday, March 10th. They issued a “buy” rating and a $8.50 price target on the stock. Stephens assumed coverage on shares of UWM in a report on Friday, April 24th. They issued an “equal weight” rating and a $4.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $5.50 price target on shares of UWM in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.79.

UWM Company Profile

United Wholesale Mortgage (NYSE: UWMC) is a leading mortgage lender in the United States specializing in the wholesale channel. The company partners with independent mortgage brokers, community banks and credit unions to offer a full suite of residential mortgage products. Through its network of third-party originators, United Wholesale Mortgage underwrites, funds and closes loans, allowing its partners to focus on customer acquisition and service.

The company’s product offerings include conventional fixed- and adjustable-rate mortgages, Federal Housing Administration (FHA) loans, Veterans Affairs (VA) loans, U.S.