Key Points
- CEO Ishbia Mat carried out a series of large insider sales in November, including a 437,073‑share block on Nov. 28 at an average of $5.85 (≈$2.56M); the transaction was disclosed in an SEC filing and reduced his stake by about 12.52%, leaving 3,053,843 shares.
- UWM recently missed quarterly expectations (EPS $0.01 vs. $0.07 and revenue $151.1M vs. $651.5M), and simultaneously announced a $0.10 quarterly dividend (annualized $0.40, ~6.8% yield); the stock trades near $5.86 with a one‑year range of $3.80–$7.14.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 437,073 shares of the stock in a transaction on Friday, November 28th. The shares were sold at an average price of $5.85, for a total value of $2,556,877.05. Following the sale, the chief executive officer owned 3,053,843 shares of the company's stock, valued at $17,864,981.55. This trade represents a 12.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Ishbia Mat also recently made the following trade(s):
- On Wednesday, November 26th, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.81, for a total value of $3,464,828.36.
- 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 value of $3,107,014.76.
- On Friday, November 21st, Ishbia Mat sold 596,356 shares of UWM stock. The stock was sold at an average price of $5.09, for a total transaction of $3,035,452.04.
- 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 stock was 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 shares were 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 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 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 shares were sold at an average price of $5.76, for a total value of $3,435,010.56.
UWM Stock Performance
Shares of NYSE UWMC opened at $5.86 on Friday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.55 and a quick ratio of 1.55. UWM Holdings Corporation has a one year low of $3.80 and a one year high of $7.14. The business's 50-day moving average price is $5.61 and its two-hundred day moving average price is $5.05. The company has a market capitalization of $9.37 billion, a P/E ratio of -117.10 and a beta of 1.79.
UWM (NYSE:UWMC - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.06). The firm had revenue of $151.14 million for the quarter, compared to analyst estimates of $651.51 million. UWM had a net margin of 0.48% and a negative return on equity of 5.56%. Analysts anticipate 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 given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, December 18th.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on UWMC. Barclays increased their price target on shares of UWM from $6.00 to $7.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. UBS Group increased their target price on shares of UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 12th. Morgan Stanley cut UWM from an "overweight" rating to an "equal weight" rating and boosted their price target for the stock from $4.50 to $6.50 in a research report on Monday, September 29th. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 7th. Finally, BTIG Research reissued a "buy" rating and issued a $10.00 price objective on shares of UWM in a research note on Monday, September 22nd. Two 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's stock. According to data from MarketBeat, UWM presently has an average rating of "Hold" and a consensus price target of $6.54.
Get Our Latest Report on UWM
Institutional Investors Weigh In On UWM
Hedge funds have recently bought and sold shares of the company. Alpine Global Management LLC bought a new position in shares of UWM in the third quarter worth about $709,000. Advisory Services Network LLC bought a new stake in UWM during the 3rd quarter valued at approximately $38,000. Integrated Investment Consultants LLC bought a new stake in UWM during the 3rd quarter valued at approximately $32,630,000. PDT Partners LLC boosted its stake in UWM by 134.6% during the 3rd quarter. PDT Partners LLC now owns 442,418 shares of the company's stock valued at $2,694,000 after purchasing an additional 253,806 shares during the period. Finally, Alyeska Investment Group L.P. grew its holdings in UWM by 17.8% in 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. 53.59% of the stock is currently owned by institutional investors.
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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