Key Points
- UWM CEO Ishbia Mat sold 596,356 shares on Nov. 17 for $4.94 each (≈$2.95M), cutting his direct stake by 7.22% to 7,665,408 shares; this transaction is part of a series of repeated large sales across October–November.
- The company recently missed earnings and revenue estimates (Q: $0.01 EPS vs. $0.07 expected; revenue $151.1M vs. $651.5M expected) as the stock traded down (~4.4%) around a $4.88 opening price and a negative P/E of -97.5.
- UWM declared a $0.10 quarterly dividend (annualized $0.40), implying a roughly 8.2% yield, with record/ex-dividend date on Dec. 18 and payment scheduled for Jan. 8.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 596,356 shares of the company's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $4.94, for a total value of $2,945,998.64. Following the completion of the transaction, the chief executive officer directly owned 7,665,408 shares in the company, valued at approximately $37,867,115.52. This trade represents a 7.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Ishbia Mat also recently made the following trade(s):
- On Thursday, November 13th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.27, for a total value of $3,142,796.12.
- On Monday, November 10th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.47, for a total transaction of $3,262,067.32.
- On Friday, November 7th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.18, for a total transaction of $3,089,124.08.
- On Wednesday, November 5th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.69, for a total transaction of $3,393,265.64.
- On Monday, November 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.76, for a total transaction of $3,435,010.56.
- On Friday, October 31st, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.59, for a total transaction of $3,333,630.04.
- On Wednesday, October 29th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.70, for a total transaction of $3,399,229.20.
- On Monday, October 27th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.83, for a total value of $3,476,755.48.
- On Friday, October 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.87, for a total value of $3,500,609.72.
- On Wednesday, October 22nd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.73, for a total value of $3,417,119.88.
UWM Trading Down 4.4%
Shares of NYSE UWMC opened at $4.88 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85. The stock has a market capitalization of $7.80 billion, a PE ratio of -97.50 and a beta of 1.79. UWM Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The stock has a fifty day simple moving average of $5.84 and a 200-day simple moving average of $5.00.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to analysts' expectations of $651.51 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. On average, equities analysts forecast that UWM Holdings Corporation will post 0.2 earnings per share for the current year.
UWM Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Investors of record on Thursday, December 18th will be issued a $0.10 dividend. The ex-dividend date is Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.2%.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Zacks Research raised shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 7th. Weiss Ratings reiterated a "sell (d+)" rating on shares of UWM in a research note on Wednesday, October 8th. BTIG Research reiterated a "buy" rating and issued a $10.00 target price on shares of UWM in a report on Monday, September 22nd. Barclays upped their price target on UWM from $6.00 to $7.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Finally, Wall Street Zen lowered UWM from a "hold" rating to a "strong sell" rating in a research report on Saturday. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $6.54.
View Our Latest Stock Report on UWMC
Hedge Funds Weigh In On UWM
A number of institutional investors and hedge funds have recently modified their holdings of the company. Cerity Partners LLC acquired a new stake in UWM in the first quarter valued at $342,000. Arizona State Retirement System increased its holdings in shares of UWM by 37.5% in the 1st quarter. Arizona State Retirement System now owns 36,236 shares of the company's stock valued at $198,000 after acquiring an additional 9,874 shares during the last quarter. CWM LLC increased its holdings in shares of UWM by 865.2% in the 1st quarter. CWM LLC now owns 115,764 shares of the company's stock valued at $632,000 after acquiring an additional 103,770 shares during the last quarter. Signaturefd LLC raised its position in shares of UWM by 135.4% during the 1st quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after acquiring an additional 4,693 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in UWM by 1,773.5% during the first quarter. Victory Capital Management Inc. now owns 380,875 shares of the company's stock worth $2,080,000 after purchasing an additional 360,545 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.
UWM Company Profile
(
Get Free Report)
UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.
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