UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $3.78, for a total transaction of $2,392,263.72. Following the sale, the chief executive officer directly owned 4,867,667 shares in the company, valued at $18,399,781.26. This trade represents a 11.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.11, for a total transaction of $2,601,112.14.
- On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.25, for a total transaction of $2,689,714.50.
- On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.03, for a total transaction of $2,550,482.22.
- On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.52, for a total value of $2,860,590.48.
- On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.77, for a total value of $3,018,808.98.
- On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.88, for a total value of $3,088,425.12.
- On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.94, for a total value of $3,126,397.56.
- On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.66, for a total value of $2,949,192.84.
- On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total value of $2,917,549.14.
- On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.84, for a total value of $3,063,110.16.
UWM Stock Up 0.6%
Shares of NYSE UWMC opened at $3.88 on Tuesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The business has a 50-day moving average of $4.93 and a 200-day moving average of $5.39. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 64.73 and a beta of 1.90. UWM Holdings Corporation has a 12 month low of $3.64 and a 12 month high of $7.14.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The company had revenue of $945.25 million during the quarter, compared to analysts' expectations of $759.12 million. Sell-side analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, March 19th. UWM's payout ratio is currently 666.67%.
Analyst Upgrades and Downgrades
UWMC has been the topic of a number of research analyst reports. Jefferies Financial Group set a $4.40 target price on UWM in a research note on Wednesday, February 25th. Weiss Ratings upgraded UWM from a "sell (d)" rating to a "hold (c-)" rating in a report on Thursday, February 26th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. Wall Street Zen raised UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Finally, UBS Group upped their target price on UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 12th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $6.20.
Read Our Latest Stock Analysis on UWM
Institutional Trading of UWM
Hedge funds have recently added to or reduced their stakes in the business. Brandes Investment Partners LP purchased a new stake in UWM during the fourth quarter valued at about $45,867,000. Azora Capital LP increased its holdings in shares of UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after buying an additional 7,881,586 shares during the period. Integrated Investment Consultants LLC bought a new stake in shares of UWM in the 3rd quarter valued at about $32,630,000. Renaissance Technologies LLC bought a new stake in shares of UWM in the 4th quarter valued at about $21,580,000. Finally, 683 Capital Management LLC purchased a new stake in UWM during the 2nd quarter valued at about $19,872,000. 53.59% of the stock is owned by institutional investors.
About UWM
(
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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