UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 612,287 shares of the company's stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $5.67, for a total transaction of $3,471,667.29. Following the sale, the chief executive officer directly owned 6,180,121 shares in the company, valued at approximately $35,041,286.07. The trade was a 9.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.78, for a total transaction of $3,539,018.86.
- On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.71, for a total value of $3,496,158.77.
- On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.80, for a total value of $3,551,264.60.
- On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The shares were sold at an average price of $5.85, for a total value of $2,556,877.05.
- On Wednesday, November 26th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.81, for a total value of $3,464,828.36.
- On Monday, November 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.21, for a total value of $3,107,014.76.
- On Friday, November 21st, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.09, for a total value of $3,035,452.04.
- On Wednesday, November 19th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.96, for a total value of $2,957,925.76.
- On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $4.94, for a total transaction of $2,945,998.64.
- On Thursday, November 13th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.27, for a total transaction of $3,142,796.12.
UWM Stock Performance
Shares of UWM stock opened at $5.65 on Tuesday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14. The company has a 50 day moving average of $5.54 and a 200 day moving average of $5.13.
UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. On average, research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.
UWM Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend is Thursday, December 18th.
Institutional Investors Weigh In On UWM
Several large investors have recently modified their holdings of UWMC. Allworth Financial LP increased its holdings in shares of UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company's stock valued at $25,000 after acquiring an additional 4,091 shares during the period. Alpine Global Management LLC purchased a new position in UWM during the 3rd quarter worth $709,000. Advisory Services Network LLC acquired a new position in UWM in the third quarter valued at $38,000. Integrated Investment Consultants LLC acquired a new position in UWM in the third quarter valued at $32,630,000. Finally, PDT Partners LLC raised its holdings in shares of UWM by 134.6% in the third quarter. PDT Partners LLC now owns 442,418 shares of the company's stock valued at $2,694,000 after buying an additional 253,806 shares during the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Zacks Research raised UWM from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 7th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UWM in a report on Wednesday, October 8th. Wall Street Zen lowered shares of UWM from a "hold" rating to a "strong sell" rating in a research note on Saturday, November 15th. UBS Group boosted their price objective on shares of UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 12th. Finally, Barclays increased their target price on shares of UWM from $6.00 to $7.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, UWM presently has a consensus rating of "Hold" and a consensus target price of $6.54.
View Our Latest Analysis on UWMC
About UWM
(
Get Free Report)
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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