Key Points
- UWM CEO Ishbia Mat sold 632,874 shares on Feb. 23 at an average price of $4.52 for $2,860,590.48, leaving him with 4,596,407 shares valued at about $20.78 million and representing a 12.10% drop in his ownership from that transaction.
- That sale is part of a string of nearly identical dispositions — at least 11 transactions in late January and February — where Mat repeatedly sold blocks of 632,874 shares at prices ranging roughly $4.52–$5.89, indicating a systematic reduction of his stake.
- UWM shares opened at $4.52, trading below the 50‑day ($5.03) and 200‑day ($5.47) moving averages, while analysts hold a consensus rating of “Hold” with a $6.53 average price target.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the firm's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $4.52, for a total transaction of $2,860,590.48. Following the completion of the transaction, the chief executive officer owned 4,596,407 shares of the company's stock, valued at approximately $20,775,759.64. The trade was a 12.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.77, for a total transaction of $3,018,808.98.
- On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.88, for a total transaction of $3,088,425.12.
- On Friday, February 13th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was 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 value 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 shares were 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 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.
UWM Stock Performance
Shares of UWMC opened at $4.52 on Tuesday. The business's 50-day moving average is $5.03 and its 200-day moving average is $5.47. 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 fifty-two week low of $3.80 and a fifty-two week high of $7.14.
Institutional Investors Weigh In On UWM
Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in UWM by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company's stock worth $243,000 after purchasing an additional 2,329 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of UWM by 4.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company's stock worth $225,000 after buying an additional 2,407 shares during the last quarter. Allworth Financial LP boosted its stake in shares of UWM by 62.5% during the 4th quarter. Allworth Financial LP now owns 6,765 shares of the company's stock worth $30,000 after acquiring an additional 2,602 shares in the last quarter. Choreo LLC boosted its stake in shares of UWM by 16.1% during the 4th quarter. Choreo LLC now owns 19,017 shares of the company's stock worth $84,000 after acquiring an additional 2,637 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of UWM by 24.9% during the 3rd quarter. State of Wyoming now owns 14,552 shares of the company's stock valued at $89,000 after acquiring an additional 2,902 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. UBS Group increased their target price on shares of UWM from $5.50 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 12th. Jefferies Financial Group began coverage on shares of UWM in a research note on Friday, December 19th. They issued a "hold" rating and a $5.00 price target on the stock. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. 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 note on Thursday, December 18th. Finally, Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, UWM currently has an average rating of "Hold" and a consensus price target of $6.53.
Get Our Latest Research Report on UWMC
UWM Company Profile
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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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