UWM Holdings Corporation (NYSE:UWMC) CEO Ishbia Mat Sells 400,036 Shares

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 firm's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $4.19, for a total transaction 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. The trade was a 8.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 transaction of $1,700,153.00.
• On Wednesday, July 30th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.10, for a total transaction of $1,640,147.60.
• On Monday, July 28th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.24, for a total transaction of $1,696,152.64.
• On Friday, July 25th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $4.23, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,656,149.04.

UWM Price Performance

Shares of UWM stock traded down $0.11 during trading hours on Wednesday, reaching $4.25. 5,672,436 shares of the company's stock were exchanged, compared to its average volume of 5,334,440. UWM Holdings Corporation has a 1 year low of $3.80 and a 1 year high of $9.74. The company has a market capitalization of $6.79 billion, a P/E ratio of -32.65 and a beta of 1.70. The business has a fifty day moving average of $4.21 and a two-hundred day moving average of $4.99. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.87.

UWM (NYSE:UWMC - Get Free Report) last announced 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 net margin of 0.36% and a negative return on equity of 3.86%. The firm had revenue of $613.37 million during the quarter, compared to analysts' expectations of $558.80 million. As a group, research analysts predict that UWM Holdings Corporation will post 0.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted 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 buying an additional 2,958 shares during the period. Sherbrooke Park Advisers LLC lifted its position in shares of UWM by 17.4% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock worth $118,000 after purchasing an additional 2,975 shares in the last quarter. Mariner LLC lifted its position in shares of UWM by 5.1% during the fourth quarter. Mariner LLC now owns 64,455 shares of the company's stock worth $378,000 after purchasing an additional 3,126 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of UWM by 13.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock worth $174,000 after purchasing an additional 3,524 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in shares of UWM by 10.9% during the first quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company's stock worth $241,000 after purchasing an additional 4,336 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

About UWM

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.