UWM (NYSE:UWMC) CEO Sells $2,474,537.34 in Stock

Key Points

  • CEO Ishbia Mat sold 632,874 shares on March 11 at an average price of $3.91 for $2,474,537.34, leaving him with 3,601,919 shares (a 14.94% reduction); this is part of a string of identical 632,874-share sales across multiple dates at prices roughly between $3.78 and $4.94.
  • UWM declared a $0.10 quarterly dividend (about a 10.2% yield) but has a payout ratio of 666.67%; the company missed EPS ( $0.08 vs $0.09 expected) while beating revenue, and the stock trades near $3.91 with an average analyst rating of "Hold" and a $6.49 target.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 632,874 shares of the company's stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $3.91, for a total transaction of $2,474,537.34. Following the completion of the transaction, the chief executive officer owned 3,601,919 shares of the company's stock, valued at approximately $14,083,503.29. This trade represents a 14.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Ishbia Mat also recently made the following trade(s):

  • On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $2,392,263.72.
  • On Thursday, March 5th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.11, for a total value of $2,601,112.14.
  • On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.25, for a total value of $2,689,714.50.
  • On Wednesday, February 25th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.03, for a total value of $2,550,482.22.
  • On Monday, February 23rd, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.52, for a total value of $2,860,590.48.
  • On Thursday, February 19th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $4.77, for a total value 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 value of $3,088,425.12.
  • 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 stock was 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 shares were sold at an average price of $4.61, for a total transaction of $2,917,549.14.

UWM Stock Down 3.3%




UWM stock opened at $3.91 on Thursday. UWM Holdings Corporation has a 52 week low of $3.64 and a 52 week high of $7.14. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 65.08 and a beta of 1.90. The company's 50-day moving average price is $4.91 and its two-hundred day moving average price is $5.37. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The company had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. On average, analysts expect that UWM Holdings Corporation will post 0.2 EPS for the current fiscal year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.40 annualized dividend and a dividend yield of 10.2%. UWM's dividend payout ratio (DPR) is 666.67%.

Institutional Investors Weigh In On UWM

Hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new stake in UWM during the first quarter valued at $92,000. Focus Partners Wealth purchased a new stake in shares of UWM during the 1st quarter worth about $55,000. Envestnet Asset Management Inc. lifted its holdings in shares of UWM by 437.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 121,444 shares of the company's stock valued at $503,000 after buying an additional 98,837 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of UWM by 23.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company's stock valued at $99,000 after buying an additional 4,552 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. bought a new stake in shares of UWM in the 2nd quarter valued at approximately $103,000. 53.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on UWMC shares. Wall Street Zen raised shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Saturday, February 28th. UBS Group upped their target price on UWM from $5.50 to $6.00 and gave the company a "neutral" rating in a report on Wednesday, November 12th. Jefferies Financial Group set a $4.40 price target on UWM in a research note on Wednesday, February 25th. Weiss Ratings raised shares of UWM from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, February 26th. Finally, Morgan Stanley set a $6.00 target price on shares of UWM in a report on Tuesday, December 16th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $6.49.

Get Our Latest Analysis on UWM

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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