UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,000,574 Shares

Key Points

  • UWM CEO Ishbia Mat has been executing large, scheduled sales under a pre-arranged Rule 10b5-1 plan — selling 1,000,574 shares on April 15 at $3.78 and, together with similar daily sales since late March, amounting to roughly 11.0 million shares and leaving him with 13,323,543 shares.
  • UWM trades near its 52-week low (range $3.38–$7.14) with a $6.08B market cap, recently paid a $0.10 quarterly dividend (a 10.5% yield) despite a 666.7% payout ratio, and carries a consensus Wall Street rating of “Hold” with an average target of about $6.24.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72. Following the sale, the chief executive officer owned 13,323,543 shares of the company's stock, valued at approximately $50,362,992.54. This represents a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

  • On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,662,100.84.
  • On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was 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 stock was 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 transaction 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 transaction of $3,692,118.06.
  • On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26.
  • 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 transaction of $3,552,037.70.
  • On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was 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 transaction 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 transaction of $3,602,066.40.

UWM Price Performance




UWMC opened at $3.80 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14. The company has a 50 day moving average of $4.08 and a two-hundred day moving average of $4.92. The company has a market cap of $6.08 billion, a P/E ratio of 63.37 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 earnings per share (EPS) 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. On average, analysts expect that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Stockholders 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 annualized dividend and a dividend yield of 10.5%. UWM's dividend payout ratio is 666.67%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UWMC shares. BTIG Research restated a "buy" rating and issued a $10.00 target price on shares of UWM in a research note on Tuesday, March 10th. Compass Point started coverage on shares of UWM in a research note on Tuesday, March 10th. They issued a "buy" rating and a $8.50 target price for the company. Jefferies Financial Group set a $4.40 target price on shares of UWM in a research note on Wednesday, February 25th. Keefe, Bruyette & Woods decreased their target price on shares of UWM from $6.00 to $5.00 and set a "market perform" rating for the company in a research note on Friday, April 10th. Finally, Argus upgraded shares of UWM to a "hold" rating in a research note on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, UWM currently has a consensus rating of "Hold" and an average price target of $6.24.

Read Our Latest Stock Report on UWM

Institutional Trading of UWM

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company's stock valued at $25,000 after acquiring an additional 4,091 shares in the last quarter. GAMMA Investing LLC raised its holdings in UWM by 408.7% in the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after acquiring an additional 4,344 shares in the last quarter. Advisory Services Network LLC acquired a new stake in UWM in the third quarter valued at $38,000. Raymond James Financial Inc. acquired a new stake in UWM in the second quarter valued at $35,000. Finally, Farther Finance Advisors LLC raised its holdings in UWM by 1,410.7% in the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock valued at $38,000 after acquiring an additional 8,027 shares in the last quarter. 53.59% of the stock is owned by institutional investors and hedge funds.

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.

See Also

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