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

Key Points

• UWM CEO Ishbia Mat sold 1,000,574 shares on April 15 at an average price of $3.78 for about $3.78M, reducing his holdings by 6.99% to 13,323,543 shares; the trade was disclosed in an SEC filing and executed under a Rule 10b5-1 plan.
• The April 15 sale is part of a series of near-daily identical dispositions—each of 1,000,574 shares—through March and April, indicating a systematic selling program.
• UWM shares traded around $3.80 (up ~2.2%), the company has a market cap of $6.08B and a reported 10.5% dividend yield666.67%; analysts’ consensus rating is “Hold” with a $6.24 target.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72. Following the completion of the sale, the chief executive officer directly owned 13,323,543 shares of the company's stock, valued at approximately $50,362,992.54. This represents a 6.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value of $3,662,100.84.
• On Friday, April 10th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.71, for a total value of $3,712,129.54.
• On Wednesday, April 8th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.87, for a total value 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 shares were 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 shares were 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.

UWM Trading Up 2.2%

UWM stock traded up $0.08 during mid-day trading on Wednesday, hitting $3.80. The company's stock had a trading volume of 9,382,771 shares, compared to its average volume of 18,350,041. The firm has a market capitalization of $6.08 billion, a PE ratio of 63.37 and a beta of 1.93. UWM Holdings Corporation has a 1 year low of $3.38 and a 1 year high of $7.14. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock's fifty day moving average is $4.11 and its two-hundred day moving average is $4.93.

UWM (NYSE:UWMC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.08 earnings per share 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 EPS for the current year.

UWM Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 10.5%. The ex-dividend date was Thursday, March 19th. UWM's dividend payout ratio is presently 666.67%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC lifted its stake in UWM by 258.0% during the fourth quarter. Corient Private Wealth LLC now owns 103,471 shares of the company's stock worth $453,000 after purchasing an additional 74,565 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its stake 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 worth $53,000 after purchasing an additional 11,461 shares in the last quarter. Kera Capital Partners Inc. acquired a new position in UWM during the fourth quarter worth $47,000. Virtu Financial LLC acquired a new position in UWM during the fourth quarter worth $1,799,000. Finally, Invesco Ltd. lifted its stake in UWM by 504.1% during the fourth quarter. Invesco Ltd. now owns 1,498,979 shares of the company's stock worth $6,566,000 after purchasing an additional 1,250,845 shares in the last quarter. 53.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on UWMC. Jefferies Financial Group set a $4.40 price objective on UWM in a research report on Wednesday, February 25th. Weiss Ratings lowered UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Friday, March 27th. The Goldman Sachs Group set a $5.00 price objective on UWM in a research report on Tuesday, January 6th. BTIG Research reiterated a "buy" rating and issued a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Finally, Zacks Research upgraded 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, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, UWM has an average rating of "Hold" and a consensus target price of $6.24.

UWM Company Profile

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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