Insider Selling: UWM (NYSE:UWMC) CEO Sells 632,874 Shares of Stock
by Renee Jackson · The Cerbat GemUWM Holdings Corporation (NYSE:UWMC – Get Free Report) CEO Ishbia Mat sold 632,874 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $5.35, for a total value of $3,385,875.90. Following the sale, the chief executive officer owned 2,516,879 shares in the company, valued at approximately $13,465,302.65. This trade represents a 20.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ishbia Mat also recently made the following trade(s):
- On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 shares were 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 stock was sold at an average price of $4.42, for a total transaction of $2,797,303.08.
- On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was 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 stock was sold at an average price of $4.57, for a total transaction of $2,892,234.18.
- On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was sold at an average price of $4.66, for a total transaction of $2,096,986.02.
- On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The stock was sold at an average price of $4.70, for a total transaction of $1,891,670.10.
- On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.47, for a total value of $3,349,209.89.
UWM Trading Down 0.1%
Shares of NYSE UWMC traded down $0.01 during midday trading on Monday, hitting $5.35. The company’s stock had a trading volume of 16,551,658 shares, compared to its average volume of 19,834,766. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40. The business’s 50 day moving average is $5.16 and its two-hundred day moving average is $5.25.
UWM (NYSE:UWMC – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The business had revenue of $151.14 million for the quarter, compared to analysts’ expectations of $651.51 million. Sell-side analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current year.
UWM Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were issued a $0.10 dividend. The ex-dividend date was Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.5%.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Wall Street Zen lowered UWM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 15th. Morgan Stanley set a $6.00 price target on UWM in a research note on Tuesday, December 16th. Zacks Research upgraded UWM from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a report on Tuesday, January 6th. Finally, Barclays boosted their price target on shares of UWM from $6.00 to $7.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Two 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.53.
Check Out Our Latest Analysis on UWM
Hedge Funds Weigh In On UWM
A number of large investors have recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC acquired a new position in shares of UWM in the third quarter valued at about $32,630,000. 683 Capital Management LLC purchased a new stake in UWM in the second quarter valued at approximately $19,872,000. Balyasny Asset Management L.P. increased its holdings in UWM by 116.6% in 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 period. Two Sigma Investments LP raised its position in UWM by 165.5% during the 3rd quarter. Two Sigma Investments LP now owns 4,988,898 shares of the company’s stock worth $30,382,000 after buying an additional 3,109,591 shares during the last quarter. Finally, Holocene Advisors LP lifted its stake in UWM by 1,986.0% during the 3rd quarter. Holocene Advisors LP now owns 3,231,243 shares of the company’s stock valued at $19,678,000 after acquiring an additional 3,076,340 shares during the period. 53.59% of the stock is currently owned by 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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