UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the company's stock in a transaction on Wednesday, April 22nd. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80. Following the completion of the sale, the chief executive officer directly owned 8,320,673 shares in the company, valued at approximately $30,786,490.10. The trade was a 10.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.93, for a total transaction of $3,932,255.82.
- 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 stock was 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 stock was sold at an average price of $3.87, for a total transaction of $3,872,221.38.
- On Monday, April 6th, 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 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 transaction 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 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.
UWM Trading Down 1.7%
Shares of UWM stock opened at $3.68 on Thursday. The firm has a 50-day simple moving average of $3.98 and a two-hundred day simple moving average of $4.84. The company has a market cap of $5.88 billion, a P/E ratio of 61.25 and a beta of 1.93. UWM Holdings Corporation has a fifty-two week low of $3.38 and a fifty-two week high of $7.14. 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 analysts' consensus estimates 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 negative return on equity of 1.35% and a net margin of 0.87%. As a group, equities analysts predict that UWM Holdings Corporation will post 0.41 earnings per share for the current fiscal year.
UWM Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Thursday, March 19th. UWM's dividend payout ratio is 666.67%.
Institutional Trading of UWM
Several large investors have recently bought and sold shares of the business. Patriot Financial Group Insurance Agency LLC grew its stake in UWM by 203.6% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 57,684 shares of the company's stock valued at $209,000 after acquiring an additional 38,685 shares in the last quarter. Corient Private Wealth LLC grew its stake in UWM by 258.0% during the 4th quarter. Corient Private Wealth LLC now owns 103,471 shares of the company's stock valued at $453,000 after acquiring an additional 74,565 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in UWM by 1,570.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 12,191 shares of the company's stock valued at $53,000 after acquiring an additional 11,461 shares in the last quarter. Kera Capital Partners Inc. purchased a new stake in UWM during the 4th quarter valued at about $47,000. Finally, Virtu Financial LLC purchased a new stake in UWM during the 4th quarter valued at about $1,799,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on UWMC shares. Zacks Research upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, February 28th. Weiss Ratings downgraded shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 27th. Compass Point started coverage on shares of UWM in a research report on Tuesday, March 10th. They set a "buy" rating and a $8.50 price target for the company. Finally, Argus upgraded shares of UWM to a "hold" rating in a research report on Tuesday, March 31st. 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 company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $6.24.
Get Our Latest Stock Analysis 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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