Key Points
- CEO Ishbia Mat sold 632,874 UWM shares on Jan. 14 at an average price of $5.46 for about $3.46M, leaving him with 1,251,131 shares — a reported 33.59% reduction in his ownership.
- The Jan. 14 transaction is part of a string of similar dispositions across late December and January, indicating an ongoing pattern of insider selling.
- UWM recently missed quarterly estimates (EPS $0.01 vs. $0.07 expected; revenue $151.1M vs. $651.5M expected), yet pays a $0.10 quarterly dividend (about a 6.9% yield) and carries a consensus "Hold" rating with a $6.53 price target.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $5.46, for a total value of $3,455,492.04. Following the completion of the transaction, the chief executive officer owned 1,251,131 shares of the company's stock, valued at $6,831,175.26. The trade was a 33.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Monday, January 12th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.35, for a total value of $3,385,875.90.
- On Friday, January 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.27, for a total value of $3,335,245.98.
- On Wednesday, January 7th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.70, for a total value of $2,974,507.80.
- On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.43, for a total transaction of $2,803,631.82.
- 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 transaction 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 transaction 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 transaction 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 transaction of $2,892,234.18.
- On Wednesday, December 24th, Ishbia Mat sold 449,997 shares of UWM stock. The stock was 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 shares were sold at an average price of $4.70, for a total transaction of $1,891,670.10.
UWM Trading Up 6.8%
Shares of NYSE UWMC opened at $5.82 on Friday. UWM Holdings Corporation has a 52-week low of $3.80 and a 52-week high of $7.14. The business's 50 day moving average is $5.15 and its two-hundred day moving average is $5.27. 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 (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). UWM had a net margin of 0.61% and a negative return on equity of 6.81%. The firm had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. As a group, equities research analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.
UWM Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Thursday, December 18th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, December 18th.
Analysts Set New Price Targets
A number of research analysts recently weighed in on UWMC shares. Wall Street Zen cut shares of UWM from a "hold" rating to a "strong sell" rating in a report on Saturday, November 15th. Keefe, Bruyette & Woods boosted their price target on shares of UWM from $6.50 to $6.75 and gave the stock a "market perform" rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a "sell (d+)" rating on shares of UWM in a research note on Wednesday, October 8th. Morgan Stanley set a $6.00 target price on UWM in a report on Tuesday, December 16th. Finally, Jefferies Financial Group assumed coverage on UWM in a report on Friday, December 19th. They set a "hold" rating and a $5.00 price target on the stock. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $6.53.
View Our Latest Stock Report on UWMC
Hedge Funds Weigh In On UWM
A number of institutional investors and hedge funds have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd purchased a new position in UWM in the first quarter valued at $92,000. Focus Partners Wealth acquired a new position in shares of UWM during the 1st quarter worth about $55,000. Parallel Advisors LLC boosted its position in shares of UWM by 94.6% during the 2nd quarter. Parallel Advisors LLC now owns 29,533 shares of the company's stock worth $122,000 after acquiring an additional 14,358 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of UWM by 44.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 171,438 shares of the company's stock valued at $730,000 after acquiring an additional 52,718 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of UWM during the 2nd quarter worth about $72,000. Institutional investors and hedge funds 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.
Further Reading

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