Key Points
- Ishbia Mat, UWM's CEO, sold 596,356 shares on November 21 at an average price of $5.09 for $3,035,452.04, leaving him with about 5,279,984 shares (the filing said this single sale cut his ownership by roughly 10.15%).
- He repeatedly sold identical blocks of 596,356 shares across late October–November—11 filings in total—disposing of about 6.56 million shares for roughly $35.1 million in proceeds.
- UWM posted a sharp earnings and revenue miss (Q: $0.01 EPS vs. $0.07 estimate; revenue $151.14M vs. $651.51M consensus) and announced a $0.10 quarterly dividend, implying an annualized 7.6% yield.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 596,356 shares of the business's stock in a transaction on Friday, November 21st. The shares were sold at an average price of $5.09, for a total transaction of $3,035,452.04. Following the transaction, the chief executive officer directly owned 5,279,984 shares in the company, valued at approximately $26,875,118.56. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
Ishbia Mat also recently made the following trade(s):
- On Monday, November 24th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.21, for a total transaction of $3,107,014.76.
- On Wednesday, November 19th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $4.96, for a total transaction of $2,957,925.76.
- On Monday, November 17th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $4.94, for a total transaction of $2,945,998.64.
- 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 transaction 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 value of $3,262,067.32.
- On Friday, November 7th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.18, for a total value of $3,089,124.08.
- On Wednesday, November 5th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.69, for a total value of $3,393,265.64.
- On Monday, November 3rd, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.76, for a total value of $3,435,010.56.
- On Friday, October 31st, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.59, for a total value of $3,333,630.04.
- On Wednesday, October 29th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.70, for a total value of $3,399,229.20.
UWM Price Performance
UWMC opened at $5.25 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 company has a market cap of $8.40 billion, a price-to-earnings ratio of -105.00 and a beta of 1.79. The stock has a fifty day simple moving average of $5.68 and a two-hundred day simple moving average of $5.02. UWM Holdings Corporation has a 12-month low of $3.80 and a 12-month high of $7.14.
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 business had revenue of $151.14 million for the quarter, compared to the consensus estimate of $651.51 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. Research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 8th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, December 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.6%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on UWMC shares. Wall Street Zen lowered shares of UWM from a "hold" rating to a "strong sell" rating in a report on Saturday, November 15th. BTIG Research reiterated a "buy" rating and set a $10.00 price objective on shares of UWM in a research note on Monday, September 22nd. UBS Group boosted their target price on UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, November 12th. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a report on Tuesday, October 7th. Finally, Barclays lifted their price target on UWM from $6.00 to $7.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.54.
View Our Latest Analysis on UWM
Hedge Funds Weigh In On UWM
A number of hedge funds have recently bought and sold shares of UWMC. Alpine Global Management LLC bought a new position in UWM during the 3rd quarter valued at about $709,000. Advisory Services Network LLC bought a new position in UWM during the third quarter valued at approximately $38,000. Integrated Investment Consultants LLC purchased a new stake in UWM in the third quarter worth approximately $32,630,000. PDT Partners LLC grew its position in UWM by 134.6% in the 3rd quarter. PDT Partners LLC now owns 442,418 shares of the company's stock worth $2,694,000 after purchasing an additional 253,806 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in UWM by 17.8% during the 3rd quarter. Alyeska Investment Group L.P. now owns 1,655,790 shares of the company's stock valued at $10,084,000 after buying an additional 250,000 shares during the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.
About UWM
(
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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