Ishbia Mat Sells 1,003,333 Shares of UWM (NYSE:UWMC) Stock

Key Points

• CEO Mat Ishbia sold multiple large blocks (several ~1M+ shares Apr 17–May 6), including 1,003,333 shares on May 6 under a pre-arranged Rule 10b5‑1 plan, materially reducing his holdings to 1,992,421 shares.
• Q1 beat but dividend is stretched: UWM reported $0.09 EPS vs. $0.06 expected and $901.4M revenue vs. $707.9M, and declared a $0.10 quarterly dividend (11.5% yield) despite a very high 666.67% payout ratio.
• Takeover uncertainty and bearish signals: Two Harbors’ board rejected UWM’s revised $12 offer in favor of an $11.30 deal, increasing execution risk, while unusual put-buying activity signals short-term bearish positioning.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,003,333 shares of the company's stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $3.66, for a total value of $3,672,198.78. Following the completion of the sale, the chief executive officer owned 1,992,421 shares in the company, valued at $7,292,260.86. The trade was a 33.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The stock was sold at an average price of $3.57, for a total value of $3,581,898.81.
• On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The stock was sold at an average price of $3.62, for a total value of $3,623,706.88.
• On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The stock was sold at an average price of $3.53, for a total value of $3,297,235.33.
• On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.50, for a total value of $3,502,009.00.
• On Tuesday, April 28th, Ishbia Mat sold 986,644 shares of UWM stock. The stock was sold at an average price of $3.66, for a total value of $3,611,117.04.
• On Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
• On Friday, April 24th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.75, for a total value of $3,752,152.50.
• On Wednesday, April 22nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.70, for a total value of $3,702,123.80.
• On Monday, April 20th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.94, for a total value of $3,942,261.56.
• On Friday, April 17th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.93, for a total value of $3,932,255.82.

UWM Stock Performance

Shares of UWMC traded up $0.06 during mid-day trading on Wednesday, reaching $3.49. The company had a trading volume of 49,367,885 shares, compared to its average volume of 17,573,375. UWM Holdings Corporation has a 52-week low of $3.38 and a 52-week high of $7.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The stock has a market capitalization of $5.58 billion, a P/E ratio of 58.08 and a beta of 1.78. The stock has a 50 day moving average of $3.82 and a two-hundred day moving average of $4.75.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.03. The company had revenue of $901.43 million during the quarter, compared to analysts' expectations of $707.88 million. UWM had a negative return on equity of 1.35% and a net margin of 0.87%. On average, analysts expect that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a yield of 11.5%. UWM's dividend payout ratio is presently 666.67%.

Hedge Funds Weigh In On UWM

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of UWM by 9.7% during the fourth quarter. Vanguard Group Inc. now owns 18,959,442 shares of the company's stock valued at $83,042,000 after acquiring an additional 1,676,754 shares during the last quarter. Azora Capital LP raised its holdings in shares of UWM by 230.8% during the fourth quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock valued at $49,477,000 after acquiring an additional 7,881,586 shares during the last quarter. Brandes Investment Partners LP acquired a new position in shares of UWM during the fourth quarter valued at approximately $45,867,000. Balyasny Asset Management L.P. raised its holdings in shares of UWM by 116.6% during the second quarter. Balyasny Asset Management L.P. now owns 5,991,072 shares of the company's stock valued at $24,803,000 after acquiring an additional 3,224,806 shares during the last quarter. Finally, Integrated Investment Consultants LLC acquired a new position in shares of UWM during the third quarter valued at approximately $32,630,000. Institutional investors and hedge funds own 53.59% of the company's stock.

Wall Street Analyst Weigh In

UWMC has been the subject of a number of analyst reports. Stephens initiated coverage on UWM in a report on Friday, April 24th. They issued an "equal weight" rating and a $4.00 price target for the company. Compass Point initiated coverage on UWM in a report on Tuesday, March 10th. They issued a "buy" rating and a $8.50 price target for the company. Weiss Ratings cut UWM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 27th. Barclays reduced their price target on UWM from $6.00 to $5.00 and set an "overweight" rating for the company in a report on Monday, April 6th. Finally, Argus raised UWM to a "hold" rating in a report on Tuesday, March 31st. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $5.99.

Key UWM News

Here are the key news stories impacting UWM this week:

• Positive Sentiment: Q1 results beat expectations — UWM reported $0.09 EPS vs. a $0.06 consensus and revenue of $901.4M vs. $707.9M expected, showing improved profitability and top-line strength. This supports near-term upside on better mortgage revenue and margin commentary. Earnings beat article
• Positive Sentiment: Management publicly disputed Two Harbors’ description of UWM’s revised $12/share proposal — keeping the possibility of a higher offer or improved deal terms alive, which could be constructive if it increases deal odds. UWMC Responds to TWO Board
• Neutral Sentiment: Full Q1 earnings call transcript is available — investors should listen for guidance on mortgage volume, margins, capital deployment (dividend/share-count) and M&A commentary that could drive volatility. Earnings call transcript
• Negative Sentiment: Two Harbors’ board formally rejected UWM’s revised $12.00 offer and reaffirmed support for a competing $11.30 deal — this raises execution risk for a friendlier acquisition outcome and caps near-term takeover-related upside. Two Harbors rejection
• Negative Sentiment: CEO Mat Ishbia executed multiple large sales under a pre-arranged Rule 10b5-1 plan (several 1M+ share blocks across Apr 30–May 6), materially reducing his holdings — sizable insider selling can create perceived liquidity/dilution concerns and add near-term selling pressure. SEC filing: SEC Form 4
• Negative Sentiment: Unusual options activity — a large spike in put purchases (34,068 puts, ~+262% vs. typical) signals short-term bearish positioning or hedging that can amplify downside volatility if sentiment turns.

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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