Insider Selling: UWM (NYSE:UWMC) CEO Sells 1,003,333 Shares of Stock

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,003,333 shares of the company's stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $3.66, for a total value of $3,672,198.78. Following the completion of the sale, the chief executive officer directly owned 1,992,421 shares in the company, valued at approximately $7,292,260.86. The trade was a 33.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.57, for a total value of $3,581,898.81.
• On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The stock was sold at an average price of $3.62, for a total value of $3,623,706.88.
• On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The stock was sold at an average price of $3.53, for a total value of $3,297,235.33.
• On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.50, for a total value of $3,502,009.00.
• On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The stock was sold at an average price of $3.66, for a total value of $3,611,117.04.
• On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
• On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.75, for a total value of $3,752,152.50.
• On Wednesday, April 22nd, 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 Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.94, for a total value of $3,942,261.56.
• On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.93, for a total value of $3,932,255.82.

UWM Trading Up 1.6%

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Shares of UWM stock opened at $3.49 on Thursday. UWM Holdings Corporation has a fifty-two week low of $3.38 and a fifty-two week high of $7.14. The firm has a market cap of $5.58 billion, a PE ratio of 58.08 and a beta of 1.78. The business's fifty day moving average is $3.80 and its two-hundred day moving average is $4.74. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64.

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UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The company had revenue of $901.43 million for the quarter, compared to analyst estimates of $709.85 million. Analysts anticipate that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date is Thursday, June 18th. UWM's dividend payout ratio is presently 666.67%.

Institutional Trading of UWM

Several large investors have recently added to or reduced their stakes in UWMC. Allworth Financial LP increased its holdings in UWM by 5,681.9% in the 3rd quarter. Allworth Financial LP now owns 4,163 shares of the company's stock valued at $25,000 after purchasing an additional 4,091 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in UWM in the 2nd quarter valued at $35,000. Farther Finance Advisors LLC increased its holdings in UWM by 1,410.7% in the 4th quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock valued at $38,000 after purchasing an additional 8,027 shares in the last quarter. Advisory Services Network LLC acquired a new stake in UWM in the 3rd quarter valued at $38,000. Finally, Fifth Third Bancorp acquired a new stake in UWM in the 1st quarter valued at $41,000. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on UWMC. BTIG Research restated a "buy" rating and set a $10.00 price objective on shares of UWM in a report on Tuesday, March 10th. Keefe, Bruyette & Woods dropped their price objective on UWM from $6.00 to $5.00 and set a "market perform" rating for the company in a report on Friday, April 10th. Argus upgraded UWM to a "hold" rating in a report on Tuesday, March 31st. Barclays dropped their price objective on UWM from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Finally, Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.99.

Read Our Latest Report on UWMC

Key Stories Impacting UWM

Here are the key news stories impacting UWM this week:

• Positive Sentiment: Q1 results: UWM reported $0.09 EPS vs. $0.06 consensus and revenue of $901.4M vs. ~$709.9M expected — a sizable top- and bottom-line beat that drove margin improvement versus last year. This is the primary bullish catalyst. Article Title
• Positive Sentiment: Dividend: The company declared a $0.10 quarterly dividend (annualized yield ~11.5%), which can attract income-focused buyers and support the share price floor ahead of the ex-dividend date (June 18). (Company announcement May 6)
• Neutral Sentiment: Earnings call & transcripts: Management commentary and the full Q1 call/transcript are available for detail on origination trends, margins and guidance — useful for assessing sustainability of the beat. Earnings Call Transcript
• Neutral Sentiment: Press coverage / analyst notes: Multiple outlets highlighted the revenue surprise and profit improvement, reinforcing short-term bullish sentiment but not yet translating into changed analyst targets. Article Title
• Negative Sentiment: Insider sale: CEO Mat Ishbia sold 1,003,333 shares (~33% reduction) under a pre-arranged Rule 10b5-1 plan, which some investors read as a bearish signal despite the plan disclosure. File: SEC Form 4
• Negative Sentiment: Options activity: Unusual put buying — ~34,068 puts traded (≈262% above average) — signals increased short-term bearish bets and adds downside pressure or volatility risk. (May 6 report)

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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