UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $3.50, for a total transaction of $3,502,009.00. Following the transaction, the chief executive officer directly owned 3,331,733 shares of the company's stock, valued at $11,661,065.50. The trade was a 23.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,611,117.04.
- 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 Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.75, for a total transaction of $3,752,152.50.
- On Wednesday, April 22nd, 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 Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was 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 shares were sold at an average price of $3.87, for a total transaction of $3,872,221.38.
UWM Price Performance
Shares of UWMC opened at $3.46 on Thursday. UWM Holdings Corporation has a twelve month low of $3.38 and a twelve month high of $7.14. The firm's fifty day simple moving average is $3.86 and its 200-day simple moving average is $4.78. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 57.60 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 announced 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). UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The firm had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. Equities analysts forecast that UWM Holdings Corporation will post 0.41 EPS for the current fiscal year.
UWM Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date was Thursday, March 19th. UWM's dividend payout ratio (DPR) is presently 666.67%.
Institutional Investors Weigh In On UWM
Several hedge funds and other institutional investors have recently bought and sold shares of UWMC. Brandes Investment Partners LP acquired a new stake in UWM during the 4th quarter worth $45,867,000. Azora Capital LP raised its stake in UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in UWM during the 3rd quarter worth $32,630,000. Renaissance Technologies LLC acquired a new stake in UWM during the 4th quarter worth $21,580,000. Finally, First Trust Advisors LP acquired a new stake in UWM during the 4th quarter worth $19,303,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. Argus upgraded shares of UWM to a "hold" rating in a report on Tuesday, March 31st. BTIG Research restated a "buy" rating and issued a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Wall Street Zen upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Zacks Research upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Compass Point started coverage on shares of UWM in a research note on Tuesday, March 10th. They set a "buy" rating and a $8.50 price target on the stock. Three equities research 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 has a consensus rating of "Hold" and a consensus target price of $5.99.
View 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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