UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the business's stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $3.75, for a total transaction of $3,752,152.50. Following the completion of the sale, the chief executive officer directly owned 6,319,525 shares of the company's stock, valued at approximately $23,698,218.75. This trade represents a 13.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 27th, 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 Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80.
- 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 value 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 value 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 value of $3,782,169.72.
- On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value 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 value 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 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 shares were sold at an average price of $3.69, for a total value of $3,692,118.06.
UWM Stock Down 0.9%
NYSE:UWMC opened at $3.75 on Tuesday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year high of $7.14. The company has a 50-day moving average of $3.92 and a 200 day moving average of $4.80. The firm has a market cap of $5.99 billion, a PE ratio of 62.42 and a beta of 1.93.
UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The business had revenue of $945.25 million during the quarter, compared to the consensus estimate of $759.12 million. As a group, research analysts anticipate that UWM Holdings Corporation will post 0.41 EPS for the current fiscal 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 paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.7%. UWM's payout ratio is 666.67%.
Hedge Funds Weigh In On UWM
Large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of UWM by 9.7% during the 4th quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company's stock valued at $83,042,000 after purchasing an additional 1,676,754 shares during the last quarter. Azora Capital LP boosted its position in shares of UWM by 230.8% in the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after purchasing an additional 7,881,586 shares in the last quarter. Brandes Investment Partners LP purchased a new position in UWM during the 4th quarter worth $45,867,000. Balyasny Asset Management L.P. grew its stake 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 buying an additional 3,224,806 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in UWM during the 3rd quarter valued at about $32,630,000. 53.59% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on UWMC. Barclays dropped their target price on UWM from $6.00 to $5.00 and set an "overweight" rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods decreased their price objective on UWM from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Friday, April 10th. BTIG Research reaffirmed a "buy" rating and set a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Compass Point started coverage on UWM in a research note on Tuesday, March 10th. They issued a "buy" rating and a $8.50 target price on the stock. Finally, The Goldman Sachs Group set a $5.00 target price on shares of UWM in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, UWM presently has an average rating of "Hold" and a consensus price target of $5.99.
Check Out Our Latest Report on UWM
UWM Company Profile
(
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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