Insider Selling: UWM Holdings Corporation (NYSE:UWMC) CEO Sells 400,036 Shares of Stock

Key Points

• Ishbia Mat, CEO of UWM Holdings Corporation, sold **400,036 shares** of stock on August 1st at an average price of **$4.19**, totaling roughly **$1.68 million**, resulting in an **8.51% decrease** in his ownership stake.
• UWM reported a **loss of $0.23 EPS** in its last quarterly earnings, missing analysts' expectations significantly, despite revenue of **$613.37 million**, which surpassed estimates.
• UWM Holdings announced a quarterly dividend of **$0.10 per share**, yielding approximately **9.4%**, although the dividend payout ratio is notably high at **-307.69%**.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the company's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $4.19, for a total value of $1,676,150.84. Following the completion of the transaction, the chief executive officer directly owned 4,298,848 shares in the company, valued at approximately $18,012,173.12. This represents a 8.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 4th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.25, for a total value of $1,700,153.00.
• On Wednesday, July 30th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.10, for a total value of $1,640,147.60.
• On Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.24, for a total value of $1,696,152.64.
• On Friday, July 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.23, for a total value of $1,692,152.28.
• On Wednesday, July 23rd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.65, for a total value of $1,860,167.40.
• On Monday, July 21st, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.40, for a total value of $1,760,158.40.
• On Friday, July 18th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.20, for a total value of $1,680,151.20.
• On Wednesday, July 16th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $4.17, for a total value of $1,668,150.12.
• On Monday, July 14th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.22, for a total value of $1,688,151.92.
• On Friday, July 11th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.14, for a total value of $1,656,149.04.

UWM Trading Up 2.4%

Shares of UWMC traded up $0.10 during mid-day trading on Monday, reaching $4.27. 5,253,735 shares of the company were exchanged, compared to its average volume of 5,324,103. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $9.74. The company has a debt-to-equity ratio of 1.87, a quick ratio of 1.50 and a current ratio of 1.50. The stock has a market capitalization of $6.83 billion, a PE ratio of -32.85 and a beta of 1.70. The business has a 50 day simple moving average of $4.20 and a two-hundred day simple moving average of $5.01.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.29). UWM had a negative return on equity of 3.86% and a negative net margin of 0.36%. The company had revenue of $613.37 million for the quarter, compared to the consensus estimate of $558.80 million. On average, analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

UWM Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Wednesday, June 18th. UWM's dividend payout ratio (DPR) is -307.69%.

Institutional Investors Weigh In On UWM

Several large investors have recently added to or reduced their stakes in UWMC. GAMMA Investing LLC grew its stake in UWM by 101.8% during the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock worth $32,000 after purchasing an additional 2,958 shares during the period. Signaturefd LLC grew its stake in UWM by 135.4% during the first quarter. Signaturefd LLC now owns 8,159 shares of the company's stock worth $45,000 after purchasing an additional 4,693 shares during the period. R Squared Ltd acquired a new stake in UWM during the second quarter worth approximately $51,000. Quarry LP acquired a new stake in UWM during the first quarter worth approximately $53,000. Finally, Focus Partners Wealth acquired a new stake in UWM during the first quarter worth approximately $55,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on UWMC shares. The Goldman Sachs Group dropped their target price on UWM from $6.00 to $5.25 and set a "neutral" rating for the company in a research report on Wednesday, July 2nd. UBS Group upgraded UWM from a "sell" rating to a "neutral" rating and dropped their target price for the company from $4.75 to $4.50 in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods downgraded UWM from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $6.50 to $4.50 in a research report on Thursday, July 10th. Finally, Barclays upgraded UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 target price for the company in a research report on Tuesday, July 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $6.18.

UWM Company Profile

UWM Holdings Corporation engages in the residential mortgage lending business in the United States. The company offers mortgage loans through wholesale channel. It originates primarily conforming and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.

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