UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $3.69, for a total transaction of $3,692,118.06. Following the completion of the sale, the chief executive officer owned 10,328,135 shares of the company's stock, valued at approximately $38,110,818.15. This trade represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ishbia Mat also recently made the following trade(s):
- On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total transaction of $3,732,141.02.
- On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26.
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- 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 Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.60, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction of $2,474,537.34.
UWM Trading Up 0.4%
Shares of UWMC stock opened at $3.74 on Tuesday. The company has a 50 day moving average of $4.31 and a 200-day moving average of $5.04. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM Holdings Corporation has a 12-month low of $3.38 and a 12-month high of $7.14. The firm has a market cap of $5.98 billion, a P/E ratio of 62.27 and a beta of 1.93.
UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The company had revenue of $945.25 million for the quarter, compared to analysts' expectations of $759.12 million. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Thursday, March 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date is Thursday, March 19th. UWM's payout ratio is currently 666.67%.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the company. Allworth Financial LP boosted its holdings in 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 during the period. GAMMA Investing LLC boosted its holdings in UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after purchasing an additional 4,344 shares during the period. Raymond James Financial Inc. bought a new position in UWM in the 2nd quarter valued at $35,000. Farther Finance Advisors LLC boosted its holdings 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 period. Finally, Advisory Services Network LLC bought a new position in UWM in the 3rd quarter valued at $38,000. 53.59% of the stock is owned by institutional investors.
Analysts Set New Price Targets
UWMC has been the subject of a number of recent research reports. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research note on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Barclays reduced their price objective on shares of UWM from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Monday. Argus upgraded shares of UWM to a "hold" rating in a research note on Tuesday, March 31st. Finally, Weiss Ratings lowered shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $6.36.
Get Our Latest Analysis 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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