Key Points
- UWM CEO Ishbia Mat sold 632,874 shares on February 11 at an average price of $4.66 for $2,949,192.84, leaving her with 2,426,525 shares — a 20.69% reduction in her position.
- The February 11 sale was part of at least 11 nearly identical block sales between January 16 and February 11, each ~632,874 shares, totaling about $37.2 million in dispositions.
- UWM shares traded around $4.69; analysts’ consensus is a Hold with an average 12‑month price target of $6.53 (12‑month range: $3.80–$7.14), providing context to the insider selling.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $4.66, for a total transaction of $2,949,192.84. Following the transaction, the chief executive officer owned 2,426,525 shares of the company's stock, valued at approximately $11,307,606.50. The trade was a 20.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.61, for a total transaction of $2,917,549.14.
- On Friday, February 6th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.84, for a total transaction of $3,063,110.16.
- On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.05, for a total transaction of $3,196,013.70.
- On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.20, for a total transaction of $3,290,944.80.
- On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.00, for a total value of $3,164,370.00.
- On Wednesday, January 28th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $5.89, for a total value of $3,727,627.86.
- 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 value of $3,639,025.50.
- On Thursday, January 22nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value of $3,683,326.68.
- On Friday, January 16th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $6.04, for a total transaction of $3,822,558.96.
UWM Trading Up 0.4%
NYSE:UWMC opened at $4.69 on Friday. 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 Holdings Corporation has a twelve month low of $3.80 and a twelve month high of $7.14. The company has a fifty day moving average of $5.14 and a 200-day moving average of $5.42.
Wall Street Analyst Weigh In
UWMC has been the topic of several research reports. Morgan Stanley set a $6.00 price objective on shares of UWM in a report on Tuesday, December 16th. Keefe, Bruyette & Woods boosted their target price on UWM from $6.50 to $6.75 and gave the company a "market perform" rating in a research report on Thursday, December 18th. UBS Group increased their price target on UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, November 12th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research note on Tuesday, January 6th. Finally, Wall Street Zen lowered UWM from a "hold" rating to a "strong sell" rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $6.53.
View Our Latest Report on UWMC
Hedge Funds Weigh In On UWM
A number of hedge funds have recently added to or reduced their stakes in UWMC. Brandes Investment Partners LP acquired a new position in UWM during the 4th quarter valued at about $45,867,000. Integrated Investment Consultants LLC bought a new position in shares of UWM in the third quarter valued at approximately $32,630,000. Renaissance Technologies LLC purchased a new position in shares of UWM during the fourth quarter valued at approximately $21,580,000. 683 Capital Management LLC purchased a new position in shares of UWM during the second quarter valued at approximately $19,872,000. Finally, Balyasny Asset Management L.P. grew its holdings in UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company's stock worth $24,803,000 after buying an additional 3,224,806 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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