Insider Selling: UWM (NYSE:UWMC) CEO Sells 402,483 Shares of Stock

Key Points

  • UWM CEO Ishbia Mat sold 632,874 shares on Dec. 29 at an average price of $4.42 for $2,797,303.08, cutting her stake by 28.18% to 1,612,745 shares (worth about $7.13M).
  • Across late November and December she sold roughly 6.23 million shares in multiple transactions, generating about $33.1 million in proceeds.
  • UWM recently reported weak quarterly results (EPS $0.01 vs. $0.07 expected; revenue $151.1M vs. $651.5M expected) but declared a $0.10 quarterly dividend ($0.40 annualized), implying a 9.1% yield.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 402,483 shares of the company's stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $4.70, for a total value of $1,891,670.10. Following the completion of the transaction, the chief executive officer directly owned 3,328,490 shares of the company's stock, valued at approximately $15,643,903. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • 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 value 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 value of $2,892,234.18.
  • On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The shares were sold at an average price of $4.66, for a total value of $2,096,986.02.
  • On Friday, December 12th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.47, for a total value of $3,349,209.89.
  • On Wednesday, December 10th, Ishbia Mat sold 612,287 shares of UWM stock. The stock was sold at an average price of $5.60, for a total transaction 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 transaction 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 transaction 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 stock was sold at an average price of $5.85, for a total transaction of $2,556,877.05.

UWM Stock Down 4.2%




Shares of NYSE UWMC opened at $4.40 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. The stock has a fifty day simple moving average of $5.36 and a two-hundred day simple moving average of $5.22. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly 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 0.61% and a negative return on equity of 6.81%. Sell-side analysts expect that UWM Holdings Corporation will post 0.2 EPS 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Thursday, December 18th.

Key UWM News

Here are the key news stories impacting UWM this week:

  • Positive Sentiment: UWM announced a recent quarterly dividend of $0.10 per share (annualized ~$0.40), implying a ~9.1% yield — a cash return that can support investor demand and income-focused buying ahead of the Jan. 8 payment date.
  • Positive Sentiment: Large institutional players have been building and holding positions (Two Sigma, Balyasny, Integrated Investment Consultants, etc.), showing continued hedge-fund interest that can underpin liquidity and limit downside from retail-only selling.
  • Neutral Sentiment: Analyst coverage is mixed: recent notes range from Buy (BTIG) to Hold/Neutral (Jefferies, UBS, Morgan Stanley) with an average target near $6.56 — this provides context for medium-term expectations but is not a catalyst by itself.
  • Negative Sentiment: CEO Ishbia Mat has been selling repeatedly throughout December, including a 632,874-share sale on Dec. 29 (about $2.8M at ~$4.42) as disclosed in SEC filings. The concentrated, recurring insider sales increase near-term selling pressure and raise governance/ownership-concentration questions for some investors. UWM CEO Sells $2.8M in Stock
  • Negative Sentiment: UWM disclosed that NYSE-listed warrants may face delisting action, a development that can raise market-structure uncertainty and potentially depress sentiment among derivatives and equity holders until resolved. Warrants Face Delisting Action

Wall Street Analyst Weigh In

Several research analysts recently commented on UWMC shares. Morgan Stanley set a $6.00 price objective on shares of UWM in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UWM in a report on Wednesday, October 8th. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 7th. BTIG Research restated a "buy" rating and issued a $10.00 target price on shares of UWM in a research note on Monday, September 22nd. Finally, Jefferies Financial Group assumed coverage on UWM in a report on Friday, December 19th. They set a "hold" rating and a $5.00 target price for the company. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $6.56.

View Our Latest Report on UWMC

Institutional Investors Weigh In On UWM

Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in UWM by 5,681.9% during the third quarter. Allworth Financial LP now owns 4,163 shares of the company's stock worth $25,000 after buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of UWM by 408.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after acquiring an additional 4,344 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of UWM during the 2nd quarter valued at about $35,000. Advisory Services Network LLC purchased a new position in shares of UWM during the third quarter worth about $38,000. Finally, R Squared Ltd bought a new position in shares of UWM in the second quarter worth approximately $51,000. Institutional investors own 53.59% of the company's stock.

About UWM

(Get Free Report)

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.

See Also

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

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].

Insider Buying or Selling at UWM?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for UWM and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles