Insider Selling: UWM (NYSE:UWMC) CEO Sells 612,287 Shares of Stock

Key Points

  • CEO Ishbia Mat sold large blocks of stock — he sold 612,287 shares on Dec. 12 at $5.47 (worth ~$3.35M), part of a string of insider sales in Nov–Dec totalling roughly 6.5 million shares, reducing his stake to 3,730,973 shares (a 14.10% decrease).
  • UWM reported weak quarterly results, missing EPS expectations ($0.01 vs. $0.07) and reporting revenue of $151.14M versus analysts' $651.51M estimate, with a negative return on equity (-6.81%) and a slim net margin (0.61%).
  • The company announced a $0.10 quarterly dividend (annualized $0.40) — a 7.6% yield — while the stock trades near $5.28 with a 52-week range of $3.80–$7.14 and a consensus analyst rating of "Hold" (target $6.54).

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 612,287 shares of UWM stock in a transaction on Friday, December 12th. The stock was sold at an average price of $5.47, for a total value of $3,349,209.89. Following the transaction, the chief executive officer directly owned 3,730,973 shares of the company's stock, valued at approximately $20,408,422.31. This represents a 14.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Ishbia Mat also recently made the following trade(s):

  • On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.60, for a total value of $3,428,807.20.
  • On Monday, December 8th, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.67, for a total value of $3,471,667.29.
  • On Friday, December 5th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.78, for a total value of $3,539,018.86.
  • On Wednesday, December 3rd, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.71, for a total transaction of $3,496,158.77.
  • On Monday, December 1st, Ishbia Mat sold 612,287 shares of UWM stock. The shares were sold at an average price of $5.80, for a total transaction of $3,551,264.60.
  • On Friday, November 28th, Ishbia Mat sold 437,073 shares of UWM stock. The shares were sold at an average price of $5.85, for a total transaction of $2,556,877.05.
  • On Wednesday, November 26th, Ishbia Mat sold 596,356 shares of UWM stock. The shares were sold at an average price of $5.81, for a total transaction 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 shares were sold at an average price of $5.09, for a total value 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 value of $2,957,925.76.

UWM Price Performance




NYSE UWMC opened at $5.28 on Tuesday. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.45 and a quick ratio of 1.45. UWM Holdings Corporation has a fifty-two week low of $3.80 and a fifty-two week high of $7.14. The business has a fifty day moving average of $5.49 and a 200-day moving average of $5.18.

UWM (NYSE:UWMC - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). UWM had a negative return on equity of 6.81% and a net margin of 0.61%.The company had revenue of $151.14 million for the quarter, compared to analysts' expectations of $651.51 million. Equities research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, December 18th.

Institutional Investors Weigh In On UWM

A number of institutional investors have recently made changes to their positions in UWMC. Cetera Investment Advisers raised its position in shares of UWM by 8.1% during the 1st quarter. Cetera Investment Advisers now owns 93,722 shares of the company's stock valued at $512,000 after acquiring an additional 6,988 shares in the last quarter. Swiss National Bank raised its holdings in shares of UWM by 38.6% during the first quarter. Swiss National Bank now owns 244,700 shares of the company's stock worth $1,336,000 after purchasing an additional 68,100 shares during the period. Invesco Ltd. lifted its position in shares of UWM by 19.0% in the 1st quarter. Invesco Ltd. now owns 130,400 shares of the company's stock worth $712,000 after buying an additional 20,816 shares during the last quarter. Nuveen LLC acquired a new position in shares of UWM in the 1st quarter valued at about $1,191,000. Finally, Independent Advisor Alliance acquired a new position in shares of UWM in the 1st quarter valued at about $58,000. 53.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UWMC has been the topic of a number of analyst reports. UBS Group raised 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. Wall Street Zen lowered UWM from a "hold" rating to a "strong sell" rating in a research note on Saturday, November 15th. Barclays lifted their price objective on UWM from $6.00 to $7.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 7th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of UWM in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $6.54.

Get Our Latest Analysis on UWM

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.

Further Reading

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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