Key Points
- UWM CEO Ishbia Mat sold 1,000,574 shares on March 25 at an average price of $3.55 for $3.55M, leaving him with 5,331,579 shares and a 15.80% reduction in his ownership stake.
- UWM declared a quarterly dividend of $0.10 per share (annualized $0.40) with an 11.3% yield and a payout ratio of 666.67%; the ex-dividend date was March 19 and the payment date is April 9.
- UWM reported Q4 EPS of $0.08 (missing estimates by $0.01) but revenue beat at $945.3M, and analysts hold a consensus "Hold" rating with a $6.49 price target.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70. Following the completion of the transaction, the chief executive officer directly owned 5,331,579 shares in the company, valued at approximately $18,927,105.45. This represents a 15.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 value of $3,722,135.28.
- On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total value of $3,602,066.40.
- 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 stock was 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $4.03, for a total transaction of $2,550,482.22.
UWM Trading Down 2.1%
UWMC stock opened at $3.54 on Thursday. UWM Holdings Corporation has a 52 week low of $3.46 and a 52 week high of $7.14. The company has a market capitalization of $5.66 billion, a PE ratio of 58.92 and a beta of 1.90. The company's 50-day simple moving average is $4.67 and its 200 day simple moving average is $5.22. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52.
UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business 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, sell-side analysts anticipate 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 will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Thursday, March 19th. UWM's payout ratio is presently 666.67%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UWMC. Allworth Financial LP boosted its stake 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 purchasing an additional 4,091 shares in the last quarter. GAMMA Investing LLC increased its position in UWM by 408.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock worth $33,000 after purchasing an additional 4,344 shares in the last quarter. Raymond James Financial Inc. acquired a new position in UWM during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC lifted its stake in UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock valued at $38,000 after purchasing an additional 8,027 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in UWM in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 53.59% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. BTIG Research reissued a "buy" rating and set a $10.00 price target on shares of UWM in a research report on Tuesday, March 10th. Jefferies Financial Group set a $4.40 price objective on UWM in a report on Wednesday, February 25th. Zacks Research downgraded UWM from a "hold" rating to a "strong sell" rating in a research report on Friday, February 27th. Compass Point began coverage on UWM in a report on Tuesday, March 10th. They set a "buy" rating and a $8.50 target price on the stock. Finally, Weiss Ratings upgraded UWM from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.49.
Get Our Latest Research Report on UWM
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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