Insider Selling: UWM (NYSE:UWMC) CEO Sells 1,000,574 Shares of Stock

Key Points

  • Ishbia Mat, UWM's CEO, sold 1,000,574 shares on April 13 at an average price of $3.66 for $3,662,100.84; the sale was executed under a pre-arranged Rule 10b5-1 plan and reduced his holdings by 18.79% to 4,324,691 shares (≈$15.83M).
  • Mat made identical block sales of 1,000,574 shares on at least 11 dates in March–April at prices roughly $3.49–$3.87, totaling about 11 million shares sold across the trading program.
  • UWM shares trade near $3.72 with a consensus "Hold" (target $6.24); the company recently paid a $0.10 quarterly dividend (annualized 10.8% yield) despite a very high payout ratio (666.67%), and analyst ratings are mixed.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of UWM stock in a transaction dated Monday, April 13th. The shares were sold at an average price of $3.66, for a total transaction of $3,662,100.84. Following the completion of the transaction, the chief executive officer directly owned 4,324,691 shares of the company's stock, valued at approximately $15,828,369.06. This trade represents a 18.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.71, for a total transaction of $3,712,129.54.
  • On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total transaction of $3,872,221.38.
  • On Monday, April 6th, 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 Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.69, for a total value of $3,692,118.06.
  • On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26.
  • On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were 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 value 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 stock was sold at an average price of $3.60, for a total value of $3,602,066.40.
  • On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.

UWM Trading Up 0.8%




Shares of UWM stock opened at $3.72 on Tuesday. 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 business has a fifty day simple moving average of $4.14 and a two-hundred day simple moving average of $4.95. UWM Holdings Corporation has a 1 year low of $3.38 and a 1 year high of $7.14. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 61.98 and a beta of 1.93.

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

UWM Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.10 dividend. The ex-dividend date was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a yield of 10.8%. UWM's dividend payout ratio is 666.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in UWMC. Vanguard Group Inc. increased its holdings in shares of UWM by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company's stock worth $83,042,000 after purchasing an additional 1,676,754 shares during the period. Azora Capital LP raised its position in shares of UWM by 230.8% in the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock valued at $49,477,000 after buying an additional 7,881,586 shares in the last quarter. Brandes Investment Partners LP bought a new stake in shares of UWM in the fourth quarter valued at approximately $45,867,000. Balyasny Asset Management L.P. grew its position in UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company's stock worth $24,803,000 after buying an additional 3,224,806 shares in the last quarter. Finally, Integrated Investment Consultants LLC acquired a new stake in UWM during the third quarter worth approximately $32,630,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UWMC. The Goldman Sachs Group set a $5.00 price objective on UWM in a report on Tuesday, January 6th. Argus upgraded UWM to a "hold" rating in a research note on Tuesday, March 31st. Wall Street Zen raised UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Weiss Ratings downgraded UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 27th. Finally, BTIG Research reaffirmed a "buy" rating and issued a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, UWM currently has a consensus rating of "Hold" and a consensus target price of $6.24.

Read Our Latest Stock Report 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.

Further Reading

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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