UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $3.93, for a total transaction of $3,932,255.82. Following the transaction, the chief executive officer directly owned 11,322,395 shares of the company's stock, valued at approximately $44,497,012.35. This trade represents a 8.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total transaction of $3,942,261.56.
- On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72.
- On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,662,100.84.
- On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.71, for a total transaction of $3,712,129.54.
- On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total value of $3,872,221.38.
- 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 value of $3,732,141.02.
- On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $3,692,118.06.
- 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 value of $3,492,003.26.
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value of $3,552,037.70.
UWM Price Performance
UWMC opened at $3.98 on Tuesday. The stock's 50-day moving average price is $4.02 and its 200 day moving average price is $4.87. 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 $6.36 billion, a price-to-earnings ratio of 66.25 and a beta of 1.93. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.
UWM (NYSE:UWMC - Get Free Report) last released its earnings results 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 firm had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. As a group, sell-side analysts expect that UWM Holdings Corporation will post 0.41 earnings per share for the current year.
UWM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were issued a $0.10 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.1%. UWM's payout ratio is 666.67%.
Hedge Funds Weigh In On UWM
Several large investors have recently bought and sold shares of the business. Allworth Financial LP raised its stake in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company's stock valued at $25,000 after buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of 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 acquiring an additional 4,344 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of UWM during the 2nd quarter worth about $35,000. Farther Finance Advisors LLC increased its holdings in shares of 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 acquiring an additional 8,027 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of UWM in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 27th. Argus upgraded shares of UWM to a "hold" rating in a research note on Tuesday, March 31st. Compass Point began coverage on UWM in a research note on Tuesday, March 10th. They issued a "buy" rating and a $8.50 price objective on the stock. Wall Street Zen upgraded UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Finally, Zacks Research raised UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $6.24.
Check Out Our Latest Report on UWMC
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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