Key Points
- UWM CEO Ishbia Mat sold 632,874 shares on Feb. 17 at an average price of $4.88 for about $3.09 million, reducing his stake by 8.15% to 7,127,903 shares (≈$34.78M).
- The Feb. 17 sale is part of a series of repeated large block sales in Jan–Feb (multiple trades of 632,874 shares each) at prices roughly between $4.61 and $5.89, representing sustained insider selling of millions per trade.
- UWMC is trading near $4.82 (below its 50‑day SMA of $5.08 and 200‑day SMA of $5.45), with analysts averaging a "Hold" rating and a $6.53 price target.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of UWM stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $4.88, for a total transaction of $3,088,425.12. Following the sale, the chief executive officer owned 7,127,903 shares in the company, valued at approximately $34,784,166.64. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.94, for a total transaction of $3,126,397.56.
- On Wednesday, February 11th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.66, for a total transaction of $2,949,192.84.
- On Monday, February 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 shares were sold at an average price of $4.84, for a total value of $3,063,110.16.
- On Wednesday, February 4th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.05, for a total value of $3,196,013.70.
- On Monday, February 2nd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $5.20, for a total value of $3,290,944.80.
- On Friday, January 30th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were 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 stock was 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.
UWM Stock Down 0.5%
Shares of UWMC stock opened at $4.82 on Thursday. The business's 50 day simple moving average is $5.08 and its 200 day simple moving average is $5.45. 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 one year low of $3.80 and a one year high of $7.14.
Institutional Trading of UWM
Several large investors have recently made changes to their positions in the company. Allworth Financial LP increased its position 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 buying an additional 4,091 shares in the last quarter. GAMMA Investing LLC grew its stake in UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after acquiring an additional 4,344 shares during the period. Advisory Services Network LLC bought a new stake in shares of UWM during the third quarter valued at approximately $38,000. Raymond James Financial Inc. acquired a new position in shares of UWM during the second quarter worth approximately $35,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock worth $38,000 after purchasing an additional 8,027 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
UWMC has been the subject of a number of analyst reports. Morgan Stanley set a $6.00 target price on shares of UWM in a research note on Tuesday, December 16th. Jefferies Financial Group initiated coverage on UWM in a research report on Friday, December 19th. They issued a "hold" rating and a $5.00 price objective for the company. Keefe, Bruyette & Woods boosted their price objective on UWM from $6.50 to $6.75 and gave the company a "market perform" rating in a research note on Thursday, December 18th. UBS Group raised their target price on UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 12th. Finally, The Goldman Sachs Group set a $5.00 price target on UWM in a research note on Tuesday, January 6th. 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 stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.53.
Check Out Our Latest Report on UWMC
About UWM
(
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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