Key Points
- UWM CEO Ishbia Mat sold 1,003,333 shares on May 8 at an average price of $3.39, generating about $3.4 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- The CEO has been actively selling shares in recent weeks, with multiple similar-sized transactions in late April and early May. These repeated sales total tens of millions of dollars in stock value.
- UWM recently reported better-than-expected quarterly results, posting EPS of $0.09 versus $0.06 expected and revenue of $901.43 million versus $709.85 million estimated. The company also declared a quarterly dividend of $0.10 per share, though its payout ratio is high at 148.15%.
UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,003,333 shares of the firm's stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.39, for a total transaction of $3,401,298.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 Wednesday, May 6th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,672,198.78.
- On Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.57, for a total transaction of $3,581,898.81.
- On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The shares were sold at an average price of $3.62, for a total transaction of $3,623,706.88.
- On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The shares were sold at an average price of $3.53, for a total transaction of $3,297,235.33.
- On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.50, for a total transaction of $3,502,009.00.
- On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,611,117.04.
- On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total transaction of $3,782,169.72.
- On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.75, for a total transaction of $3,752,152.50.
- On Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.70, for a total transaction of $3,702,123.80.
- On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.94, for a total transaction of $3,942,261.56.
UWM Price Performance
UWMC stock opened at $3.39 on Friday. The company has a fifty day moving average price of $3.77 and a 200-day moving average price of $4.73. The company has a market capitalization of $5.42 billion, a P/E ratio of 12.54 and a beta of 1.78. UWM Holdings Corporation has a 52-week low of $3.27 and a 52-week high of $7.14. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52.
UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.03. The firm had revenue of $901.43 million during the quarter, compared to the consensus estimate of $709.85 million. UWM had a net margin of 1.92% and a return on equity of 18.89%. As a group, equities analysts expect that UWM Holdings Corporation will post 0.4 EPS for the current year.
UWM Dividend Announcement
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 given a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 annualized dividend and a dividend yield of 11.8%. UWM's dividend payout ratio is 148.15%.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Argus raised shares of UWM to a "hold" rating in a research note on Tuesday, March 31st. Wall Street Zen raised shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Saturday, February 28th. BTIG Research reissued a "buy" rating and set a $10.00 target price on shares of UWM in a research note on Tuesday, March 10th. Keefe, Bruyette & Woods lowered their target price on shares of UWM from $5.00 to $4.50 and set a "market perform" rating for the company in a research note on Friday. Finally, Zacks Research raised shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, UWM currently has a consensus rating of "Hold" and a consensus price target of $5.79.
View Our Latest Analysis on UWM
Institutional Investors Weigh In On UWM
Large investors have recently bought and sold shares of the stock. Integrated Investment Consultants LLC acquired a new stake in UWM in the third quarter worth $32,630,000. Tudor Investment Corp ET AL acquired a new stake in UWM in the third quarter worth $12,237,000. Alight Capital Management LP acquired a new stake in UWM in the third quarter worth $3,958,000. Vanguard Group Inc. grew its holdings in UWM by 6.2% in the third quarter. Vanguard Group Inc. now owns 17,282,688 shares of the company's stock worth $105,252,000 after purchasing an additional 1,010,907 shares during the period. Finally, Luxor Capital Group LP acquired a new stake in UWM in the third quarter worth $7,473,000. 53.59% of the stock is currently 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.
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