Key Points
- UWM CEO Ishbia Mat sold 632,874 shares on January 28 at an average price of $5.89 for about $3.73 million, leaving him with 2,155,265 shares — a 22.7% reduction in his ownership.
- He executed the same-sized block sale on multiple dates through January (Jan. 2–28), generating roughly $37.3 million in proceeds across the month.
- UWMC trades near $5.90, pays a 6.8% annualized dividend, and carries a consensus analyst rating of "Hold" with an average target of $6.53.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the business's stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $5.89, for a total value of $3,727,627.86. Following the transaction, the chief executive officer owned 2,155,265 shares in the company, valued at $12,694,510.85. This represents a 22.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ishbia Mat also recently made the following trade(s):
- On Monday, January 26th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.75, for a total transaction of $3,639,025.50.
- On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.87, for a total value of $3,714,970.38.
- On Tuesday, January 20th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.82, for a total transaction of $3,683,326.68.
- 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 value 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 stock was 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 stock was sold at an average price of $5.27, for a total transaction 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 shares were sold at an average price of $4.42, for a total value of $2,797,303.08.
UWM Trading Up 0.6%
Shares of UWMC stock opened at $5.90 on Thursday. 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 12-month low of $3.80 and a 12-month high of $7.14. The firm has a fifty day moving average of $5.27 and a 200-day moving average of $5.38.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results 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 negative return on equity of 6.81% and a net margin of 0.61%.The firm had revenue of $151.14 million for the quarter, compared to analyst estimates of $651.51 million. On average, analysts predict that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.
UWM Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Thursday, December 18th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Thursday, December 18th.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Barclays upped their price target 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. Keefe, Bruyette & Woods upped their target price on UWM from $6.50 to $6.75 and gave the stock a "market perform" rating in a research note on Thursday, December 18th. UBS Group raised their price target on shares of UWM from $5.50 to $6.00 and gave the company a "neutral" rating in a research note on Wednesday, November 12th. Jefferies Financial Group began coverage on UWM in a report on Friday, December 19th. They set a "hold" rating and a $5.00 price objective on the stock. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of UWM in a report on Wednesday, October 8th. 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 data from MarketBeat.com, UWM has a consensus rating of "Hold" and an average target price of $6.53.
Get Our Latest Stock Report on UWM
Institutional Investors Weigh In On UWM
Institutional investors and hedge funds have recently made changes to their positions in the business. Oak Thistle LLC acquired a new stake in shares of UWM during the third quarter worth about $1,337,000. Hsbc Holdings PLC purchased a new position in shares of UWM during the 2nd quarter valued at approximately $792,000. AGF Management Ltd. purchased a new position in UWM in the second quarter valued at $3,072,000. 683 Capital Management LLC purchased a new position in shares of UWM in the 2nd quarter valued at about $19,872,000. Finally, Capital Fund Management S.A. increased its position in shares of UWM by 260.9% in the second quarter. Capital Fund Management S.A. now owns 573,583 shares of the company's stock valued at $2,375,000 after buying an additional 414,667 shares in the last quarter. 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.
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