UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the firm's stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $5.27, for a total transaction of $3,335,245.98. Following the completion of the transaction, the chief executive officer owned 3,149,753 shares in the company, valued at $16,599,198.31. The trade was a 16.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.35, for a total transaction of $3,385,875.90.
- On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total transaction of $2,974,507.80.
- On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.43, for a total transaction of $2,803,631.82.
- On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
- On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total value of $2,765,659.38.
- On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.42, for a total value of $2,797,303.08.
- On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.57, for a total value of $2,892,234.18.
- On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The shares were sold at an average price of $4.66, for a total value of $2,096,986.02.
- On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $1,891,670.10.
- On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total transaction of $3,349,209.89.
UWM Price Performance
NYSE UWMC opened at $5.35 on Tuesday. The company's fifty day simple moving average is $5.15 and its 200-day simple moving average is $5.25. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $7.14.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to analysts' expectations of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. As a group, research analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current year.
UWM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a $0.10 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 7.5%.
Institutional Trading of UWM
Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of UWM during the first quarter worth $92,000. Focus Partners Wealth bought a new stake in shares of UWM during the 1st quarter valued at about $55,000. Parallel Advisors LLC raised its stake in UWM by 94.6% during the second quarter. Parallel Advisors LLC now owns 29,533 shares of the company's stock worth $122,000 after acquiring an additional 14,358 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in UWM by 44.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 171,438 shares of the company's stock worth $730,000 after acquiring an additional 52,718 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new position in UWM in the second quarter worth about $72,000. Institutional investors own 53.59% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods upped their target price on UWM from $6.50 to $6.75 and gave the company a "market perform" rating in a research report on Thursday, December 18th. Weiss Ratings restated a "sell (d+)" rating on shares of UWM in a research note on Wednesday, October 8th. Morgan Stanley set a $6.00 price objective on shares of UWM in a research note on Tuesday, December 16th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research report on Tuesday, January 6th. Finally, UBS Group increased their price target 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. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.53.
Check Out Our Latest Stock Analysis on UWM
UWM Company Profile
(
Get Free Report)
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.
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