Key Points
- Ishbia Mat sold 1,000,574 shares of UWM on March 18 at an average price of $3.73 for about $3.73 million, reducing his stake by 8.83% and leaving him with 10,334,449 shares valued at roughly $38.5 million.
- The March 18 sale is part of an ongoing pattern of large insider disposals across February–March, including multiple 632,874-share transactions and another 1,000,574-share sale on March 16, signaling sustained insider selling.
- UWM recently reported Q results with EPS of $0.08 (missing by $0.01) but revenue of $945.25M (above estimates), and announced a $0.10 quarterly dividend (annualized $0.40) implying a 10.9% yield
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02. Following the completion of the sale, the chief executive officer directly owned 10,334,449 shares in the company, valued at $38,547,494.77. This trade represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Ishbia Mat also recently made the following trade(s):
- On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total value of $3,702,123.80.
- On Friday, March 13th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $3.69, for a total value of $2,335,305.06.
- On Wednesday, March 11th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.91, for a total transaction of $2,474,537.34.
- On Monday, March 9th, Ishbia Mat sold 632,874 shares of UWM stock. The stock was sold at an average price of $3.78, for a total transaction 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 transaction of $2,601,112.14.
- On Tuesday, March 3rd, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.25, for a total transaction 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 transaction 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 transaction 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 transaction of $3,018,808.98.
- On Tuesday, February 17th, Ishbia Mat sold 632,874 shares of UWM stock. The shares were sold at an average price of $4.88, for a total transaction of $3,088,425.12.
UWM Stock Up 0.7%
NYSE UWMC opened at $3.69 on Thursday. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. The firm has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $5.30. UWM Holdings Corporation has a twelve month low of $3.59 and a twelve month high of $7.14. The stock has a market cap of $5.90 billion, a PE ratio of 61.42 and a beta of 1.90.
UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. On average, research analysts forecast that UWM Holdings Corporation will post 0.2 EPS for the current year.
UWM Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend is Thursday, March 19th. UWM's dividend payout ratio (DPR) is presently 666.67%.
Hedge Funds Weigh In On UWM
Several hedge funds and other institutional investors have recently modified their holdings of UWMC. Dimensional Fund Advisors LP raised its holdings in shares of UWM by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company's stock valued at $243,000 after buying an additional 2,329 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in UWM by 4.9% during the 4th 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 in the last quarter. Allworth Financial LP grew its holdings in 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 during the last quarter. Choreo LLC increased its position in UWM by 16.1% in the 4th quarter. Choreo LLC now owns 19,017 shares of the company's stock valued at $84,000 after acquiring an additional 2,637 shares in the last quarter. Finally, State of Wyoming increased its position in UWM by 24.9% in 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 in the last quarter. Institutional investors own 53.59% of the company's stock.
Analyst Ratings Changes
UWMC has been the subject of several research reports. Morgan Stanley set a $6.00 target price on UWM in a research report on Tuesday, December 16th. The Goldman Sachs Group set a $5.00 price target on shares of UWM in a report on Tuesday, January 6th. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research note on Wednesday, February 25th. Weiss Ratings upgraded shares of UWM from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, February 26th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of UWM from $6.75 to $6.00 and set a "market perform" rating on the stock in a research note on Friday, February 27th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, UWM presently has an average rating of "Hold" and a consensus target price of $6.49.
Check Out Our Latest Research Report on UWMC
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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