UWM (NYSE:UWMC) CEO Ishbia Mat Sells 632,874 Shares of Stock
by Sarita Garza · The Markets DailyUWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 632,874 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $5.82, for a total transaction of $3,683,326.68. Following the transaction, the chief executive officer directly owned 5,952,509 shares in the company, valued at $34,643,602.38. This trade represents a 9.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $6.04, for a total transaction of $3,822,558.96.
- On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.46, for a total transaction of $3,455,492.04.
- On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.35, for a total value of $3,385,875.90.
- On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total value of $3,335,245.98.
- On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $2,974,507.80.
- On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.43, for a total value of $2,803,631.82.
- On Friday, January 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
- On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.37, for a total transaction of $2,765,659.38.
- On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.42, for a total transaction of $2,797,303.08.
- On Friday, December 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.57, for a total transaction of $2,892,234.18.
UWM Price Performance
Shares of NYSE UWMC traded up $0.03 during trading hours on Wednesday, hitting $5.80. 16,029,972 shares of the stock were exchanged, compared to its average volume of 20,589,236. UWM Holdings Corporation has a 12 month low of $3.80 and a 12 month high of $7.14. The firm has a fifty day moving average price of $5.19 and a 200-day moving average price of $5.32. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40.
UWM (NYSE:UWMC – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The firm had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. As a group, sell-side analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.
UWM Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, December 18th. This represents a $0.40 annualized dividend and a dividend yield of 6.9%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of UWM from a “hold” rating to a “strong sell” rating in a research note on Saturday, November 15th. Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. The Goldman Sachs Group set a $5.00 price target on UWM in a research note on Tuesday, January 6th. UBS Group raised their price objective on UWM from $5.50 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of UWM in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.53.
Check Out Our Latest Analysis on UWMC
Institutional Trading of UWM
Hedge funds have recently added to or reduced their stakes in the company. State of Wyoming grew its position in UWM by 24.9% during the third quarter. State of Wyoming now owns 14,552 shares of the company’s stock valued at $89,000 after buying an additional 2,902 shares during the period. Arizona State Retirement System boosted its stake in shares of UWM by 8.1% during the 3rd quarter. Arizona State Retirement System now owns 50,661 shares of the company’s stock worth $309,000 after acquiring an additional 3,785 shares in the last quarter. Allworth Financial LP grew its position in shares of UWM by 5,681.9% during the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company’s stock valued at $25,000 after acquiring an additional 4,091 shares during the period. GAMMA Investing LLC increased its stake in shares of 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 in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of UWM by 23.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company’s stock valued at $99,000 after purchasing an additional 4,552 shares in the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.
UWM Company Profile
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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