Key Points
- Ishbia Mat sold 632,874 shares of UWM on January 5 at an average price of $4.43 for $2.80M, reducing his direct stake by 10.02% to 5,681,249 shares (valued ≈ $25.17M).
- Mat has executed a string of large insider sales across December and early January—repeatedly selling blocks of ~632,874 shares (and other tranches), with individual transactions generally worth about $2.7M–$3.5M.
- UWM recently missed on results (quarterly EPS $0.01 vs. $0.07 estimate; revenue $151.14M vs. $651.51M expected), trades around $4.63, pays a $0.10 quarterly dividend (≈8.6% yield), and carries a MarketBeat consensus rating of Hold with an average price target of ~$6.53.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $4.43, for a total transaction of $2,803,631.82. Following the completion of the sale, the chief executive officer directly owned 5,681,249 shares of the company's stock, valued at approximately $25,167,933.07. This trade represents a 10.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.70, for a total value of $2,974,507.80.
- On Friday, January 2nd, 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 Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.37, for a total value of $2,765,659.38.
- On Monday, December 29th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 shares were 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 transaction of $2,096,986.02.
- On Tuesday, December 23rd, Ishbia Mat sold 402,483 shares of UWM stock. The stock was sold at an average price of $4.70, for a total transaction of $1,891,670.10.
- 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 transaction of $3,349,209.89.
- 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 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.
UWM Stock Performance
Shares of UWM stock opened at $4.63 on Thursday. UWM Holdings Corporation has a 1-year low of $3.80 and a 1-year high of $7.14. The company's fifty day simple moving average is $5.18 and its 200-day simple moving average is $5.23. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 2.40.
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 the consensus estimate of $0.07 by ($0.06). The company had revenue of $151.14 million during the quarter, compared to analysts' expectations of $651.51 million. UWM had a negative return on equity of 6.81% and a net margin of 0.61%. On average, equities analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.
UWM Dividend Announcement
The business 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend is Thursday, December 18th.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on UWMC shares. 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 report on Wednesday, November 12th. Jefferies Financial Group started coverage on shares of UWM in a research report on Friday, December 19th. They issued a "hold" rating and a $5.00 price target for the company. Zacks Research upgraded shares of UWM from a "strong sell" rating to a "hold" rating in a research report on Tuesday, October 7th. Barclays lifted their target price on shares of UWM from $6.00 to $7.00 and gave the company an "overweight" rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of UWM in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $6.53.
View Our Latest Report on UWMC
Hedge Funds Weigh In On UWM
Hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new position in shares of UWM during the third quarter worth $12,237,000. Allworth Financial LP increased its holdings in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company's stock valued at $25,000 after acquiring an additional 4,091 shares during the last quarter. Alpine Global Management LLC purchased a new stake in UWM in the 3rd quarter worth $709,000. Advisory Services Network LLC bought a new position in shares of UWM during the 3rd quarter valued at about $38,000. Finally, Integrated Investment Consultants LLC purchased a new position in shares of UWM during the third quarter valued at about $32,630,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
UWM Company Profile
(
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.
Read More
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].
