Key Points
- UWM CEO Ishbia Mat sold 632,874 shares on Jan. 20 at an average price of $5.82 for $3,683,326.68, leaving him with 5,952,509 shares — a 9.61% reduction in his ownership valued at about $34.64M.
- The Jan. 20 sale is part of a pattern: Ishbia executed repeated 632,874‑share disposals between late December and January at prices ranging roughly from $4.37 to $6.04, each generating multi‑million dollar proceeds.
- UWM recently missed quarterly EPS and revenue estimates, carries mixed analyst ratings (consensus "Hold", average price target $6.53), but pays a quarterly dividend that annualizes to $0.40 (about a 6.9% yield).
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the business's stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $5.82, for a total value of $3,683,326.68. Following the completion of the sale, the chief executive officer owned 5,952,509 shares of the company's stock, valued at $34,643,602.38. This trade represents a 9.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $6.04, for a total transaction of $3,822,558.96.
- On Wednesday, January 14th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.46, for a total transaction of $3,455,492.04.
- 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 transaction of $2,974,507.80.
- On Monday, January 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value of $2,797,303.08.
- On Wednesday, December 31st, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 stock was 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 shares were sold at an average price of $4.57, for a total transaction of $2,892,234.18.
UWM Stock Performance
UWM stock opened at $5.80 on Thursday. The firm has a 50 day simple moving average of $5.19 and a 200-day simple moving average of $5.32. 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 1-year low of $3.80 and a 1-year high of $7.14.
UWM (NYSE:UWMC - Get Free Report) last released 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). The business had revenue of $151.14 million during the quarter, compared to analyst estimates of $651.51 million. UWM had a net margin of 0.61% and a negative return on equity of 6.81%. Sell-side analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.
UWM Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, December 18th.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on UWMC shares. Morgan Stanley set a $6.00 price target on shares of UWM in a research report on Tuesday, December 16th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of UWM in a research report on Wednesday, October 8th. Wall Street Zen lowered UWM from a "hold" rating to a "strong sell" rating in a research report on Saturday, November 15th. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research note on Tuesday, October 7th. Finally, Jefferies Financial Group started coverage on UWM in a research note on Friday, December 19th. They issued a "hold" rating and a $5.00 price objective 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. According to MarketBeat.com, UWM has a consensus rating of "Hold" and an average price target of $6.53.
View Our Latest Stock Analysis on UWM
Hedge Funds Weigh In On UWM
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Financial Group LLC acquired a new position in shares of UWM in the fourth quarter worth $109,000. Frank Rimerman Advisors LLC purchased a new position in UWM in the fourth quarter valued at $106,000. Pallas Capital Advisors LLC boosted its holdings in UWM by 45.0% in the fourth quarter. Pallas Capital Advisors LLC now owns 29,394 shares of the company's stock valued at $129,000 after purchasing an additional 9,125 shares during the period. 180 Wealth Advisors LLC grew its stake in UWM by 40.5% during the 4th quarter. 180 Wealth Advisors LLC now owns 159,073 shares of the company's stock worth $697,000 after purchasing an additional 45,829 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in UWM by 30.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 274,453 shares of the company's stock worth $1,239,000 after purchasing an additional 63,449 shares during the period. 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.
Featured Articles
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].
