Key Points
- CEO Ishbia Mat sold roughly 9.54 million UWM shares across multiple March transactions, generating about $35.2 million in proceeds and cutting his direct stake by 23.1% to 3,330,431 shares (≈ $11.62M after the sales).
- UWM recently reported an EPS miss despite a revenue beat, trades near $3.70 with a market cap of $5.96B, and recently declared a $0.10 quarterly dividend (10.7% yield) despite a very high payout ratio (666.7%); analysts' consensus rating is Hold with a $6.49 price target.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the business's stock in a transaction on Friday, March 27th. The shares were sold at an average price of $3.49, for a total transaction of $3,492,003.26. Following the sale, the chief executive officer directly owned 3,330,431 shares of the company's stock, valued at approximately $11,623,204.19. The trade was a 23.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Ishbia Mat also recently made the following trade(s):
- On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.55, for a total value of $3,552,037.70.
- On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.
- On Monday, March 23rd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.72, for a total value of $3,722,135.28.
- On Friday, March 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.60, for a total transaction of $3,602,066.40.
- On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.
- On Monday, March 16th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 shares were 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 value of $2,601,112.14.
UWM Price Performance
Shares of UWMC stock opened at $3.73 on Friday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market cap of $5.96 billion, a P/E ratio of 62.08 and a beta of 1.93. The stock's 50-day moving average is $4.39 and its 200 day moving average is $5.10. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year high of $7.14.
UWM (NYSE:UWMC - Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The business had revenue of $945.25 million for the quarter, compared to analysts' expectations of $759.12 million. Research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.
UWM Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 9th. Stockholders of record on Thursday, March 19th will be paid a $0.10 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. UWM's dividend payout ratio is presently 666.67%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on UWMC shares. BTIG Research restated a "buy" rating and set a $10.00 target price on shares of UWM in a research report on Tuesday, March 10th. Compass Point assumed coverage on shares of UWM in a report on Tuesday, March 10th. They set a "buy" rating and a $8.50 target price for the company. Zacks Research raised UWM from a "strong sell" rating to a "hold" rating in a report on Monday. Keefe, Bruyette & Woods decreased their target price on shares of UWM from $6.75 to $6.00 and set a "market perform" rating on the stock in a report on Friday, February 27th. Finally, Morgan Stanley set a $6.00 price target on UWM in a research note on Tuesday, December 16th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $6.49.
Check Out Our Latest Stock Report on UWMC
Institutional Investors Weigh In On UWM
Several large investors have recently bought and sold shares of UWMC. Brandes Investment Partners LP purchased a new stake in shares of UWM during the fourth quarter worth approximately $45,867,000. Azora Capital LP raised its stake in UWM by 230.8% during the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after acquiring an additional 7,881,586 shares in the last quarter. Integrated Investment Consultants LLC purchased a new stake in UWM in the third quarter valued at $32,630,000. Renaissance Technologies LLC purchased a new stake in UWM in the fourth quarter valued at $21,580,000. Finally, 683 Capital Management LLC acquired a new position in UWM in the second quarter valued at $19,872,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
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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