UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $3.60, for a total transaction of $3,602,066.40. Following the sale, the chief executive officer directly owned 8,333,301 shares of the company's stock, valued at $29,999,883.60. The trade was a 10.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total transaction of $3,722,135.28.
- On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
- On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total value of $3,702,123.80.
- On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $2,335,305.06.
- On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total value of $2,474,537.34.
- On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $2,392,263.72.
- 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 value of $2,601,112.14.
- On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total value 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 value 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.
UWM Stock Performance
UWMC opened at $3.74 on Tuesday. The company has a market cap of $5.99 billion, a P/E ratio of 62.37 and a beta of 1.90. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The firm's 50-day moving average price is $4.74 and its 200-day moving average price is $5.26. UWM Holdings Corporation has a 52-week low of $3.46 and a 52-week high of $7.14.
UWM (NYSE:UWMC - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. As a group, equities analysts anticipate that UWM Holdings Corporation will post 0.2 EPS 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 paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.7%. The ex-dividend date is Thursday, March 19th. UWM's payout ratio is presently 666.67%.
Analyst Ratings Changes
Several research firms recently issued reports on UWMC. Wall Street Zen raised UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, February 28th. The Goldman Sachs Group set a $5.00 price target on UWM in a research report on Tuesday, January 6th. Barclays lowered their price target on UWM from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Thursday, February 26th. Jefferies Financial Group set a $4.40 price target on UWM in a research note on Wednesday, February 25th. Finally, BTIG Research restated a "buy" rating and issued a $10.00 price objective on shares of UWM in a research note on Tuesday, March 10th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $6.49.
Read Our Latest Analysis on UWMC
Institutional Trading of UWM
Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of UWM by 9.7% in the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company's stock worth $83,042,000 after acquiring an additional 1,676,754 shares during the period. Azora Capital LP lifted its position in UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock valued at $49,477,000 after purchasing an additional 7,881,586 shares during the period. Brandes Investment Partners LP purchased a new stake in UWM in the fourth quarter valued at $45,867,000. Balyasny Asset Management L.P. grew its position in UWM by 116.6% during the 2nd quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company's stock worth $24,803,000 after purchasing an additional 3,224,806 shares during the period. Finally, Integrated Investment Consultants LLC acquired a new stake in UWM during the 3rd quarter worth about $32,630,000. 53.59% of the stock is owned by hedge funds and other 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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