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

Key Points

• Ishbia Mat sold 1,000,574 UWM shares on April 13 at an average price of $3.66 under a pre-arranged Rule 10b5-1 plan, reducing his stake by 18.79% to 4,324,691 shares.
• Those April 13 sales are part of a series of 11 separate transactions from March–April in which Mat sold 1,000,574 shares each, meaning roughly 11.0 million shares were disposed under the plan.
• UWM stock traded around $3.72 mid-day and the company recently paid a $0.10 quarterly dividend (an annualized 10.8% yield) despite a very high payout ratio of 666.67%, while analysts’ consensus rating is "Hold" with an average price target of $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 Monday, April 13th. The shares were sold at an average price of $3.66, for a total transaction of $3,662,100.84. Following the sale, the chief executive officer owned 4,324,691 shares in the company, valued at $15,828,369.06. This represents a 18.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 shares were sold at an average price of $3.73, for a total value 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 value of $3,692,118.06.
• On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.49, for a total value of $3,492,003.26.
• On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total value 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 value 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 value 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 value of $3,602,066.40.
• On Wednesday, March 18th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.73, for a total value of $3,732,141.02.

UWM Stock Up 0.8%

UWM stock traded up $0.03 during mid-day trading on Monday, hitting $3.72. The company's stock had a trading volume of 13,391,339 shares, compared to its average volume of 18,569,434. The firm's 50 day moving average is $4.16 and its 200 day moving average is $4.97. The company has a market cap of $5.95 billion, a PE ratio of 61.98 and a beta of 1.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.52 and a quick ratio of 1.52. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14.

UWM (NYSE:UWMC - Get Free Report) last announced 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). The business had revenue of $945.25 million during the quarter, compared to analysts' expectations of $759.12 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. On average, analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Dividend Announcement

The business also recently declared 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 of this dividend was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.8%. UWM's dividend payout ratio is 666.67%.

Hedge Funds Weigh In On UWM

Several institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC raised its holdings in UWM by 258.0% during the fourth quarter. Corient Private Wealth LLC now owns 103,471 shares of the company's stock valued at $453,000 after buying an additional 74,565 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in UWM by 1,570.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 12,191 shares of the company's stock valued at $53,000 after buying an additional 11,461 shares in the last quarter. Kera Capital Partners Inc. bought a new position in UWM during the fourth quarter valued at about $47,000. Virtu Financial LLC bought a new position in UWM during the fourth quarter valued at about $1,799,000. Finally, Invesco Ltd. raised its holdings in UWM by 504.1% during the fourth quarter. Invesco Ltd. now owns 1,498,979 shares of the company's stock valued at $6,566,000 after buying an additional 1,250,845 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UWMC shares. Barclays dropped their price target on shares of UWM from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Monday, April 6th. Argus raised shares of UWM to a "hold" rating in a research note on Tuesday, March 31st. BTIG Research reaffirmed a "buy" rating and issued a $10.00 price target on shares of UWM in a research note on Tuesday, March 10th. Zacks Research raised shares of UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Finally, Jefferies Financial Group set a $4.40 price target on shares of UWM in a research note on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.24.

About UWM

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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