Ishbia Mat Sells 400,036 Shares of UWM (NYSE:UWMC) Stock

Key Points

• Ishbia Mat, the CEO of UWM Holdings Corporation, sold 400,036 shares of stock on September 4th, resulting in a 10.26% decrease in his ownership position.
• UWM Holdings recently reported earnings per share (EPS) of $0.16, significantly exceeding analyst expectations, leading to increased interest from institutional investors.
• The company announced a quarterly dividend of $0.10 per share, with the dividend yield calculated at 6.2%, illustrating robust returns for investors despite a substantial payout ratio.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 400,036 shares of the stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $5.81, for a total value of $2,324,209.16. Following the completion of the sale, the chief executive officer owned 3,498,020 shares of the company's stock, valued at approximately $20,323,496.20. This trade represents a 10.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, September 8th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $6.44, for a total value of $2,576,231.84.
• On Tuesday, September 2nd, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.59, for a total value of $2,236,201.24.
• On Friday, August 29th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.70, for a total value of $2,280,205.20.
• On Wednesday, August 27th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.68, for a total value of $2,272,204.48.
• On Monday, August 25th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.73, for a total value of $2,292,206.28.
• On Friday, August 22nd, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.78, for a total value of $2,312,208.08.
• On Wednesday, August 20th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.60, for a total value of $2,240,201.60.
• On Monday, August 18th, Ishbia Mat sold 400,036 shares of UWM stock. The shares were sold at an average price of $5.35, for a total value of $2,140,192.60.
• On Friday, August 15th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.39, for a total value of $2,156,194.04.
• On Wednesday, August 13th, Ishbia Mat sold 400,036 shares of UWM stock. The stock was sold at an average price of $5.45, for a total value of $2,180,196.20.

UWM Stock Up 4.9%

Shares of UWM stock traded up $0.32 on Wednesday, reaching $6.72. The company's stock had a trading volume of 1,188,384 shares, compared to its average volume of 5,955,263. The company has a market capitalization of $10.74 billion, a price-to-earnings ratio of -134.50 and a beta of 1.76. The firm's fifty day simple moving average is $4.87 and its two-hundred day simple moving average is $4.86. UWM Holdings Corporation has a 52 week low of $3.80 and a 52 week high of $9.25. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.85.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.10. The business had revenue of $758.70 million during the quarter, compared to analyst estimates of $621.60 million. UWM had a negative return on equity of 5.56% and a net margin of 0.48%. Equities analysts anticipate that UWM Holdings Corporation will post 0.2 earnings per share for the current year.

UWM Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Thursday, September 18th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, September 18th. This represents a $0.40 annualized dividend and a yield of 6.0%. UWM's payout ratio is -800.00%.

Institutional Investors Weigh In On UWM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in UWM by 101.8% in the first quarter. GAMMA Investing LLC now owns 5,863 shares of the company's stock valued at $32,000 after buying an additional 2,958 shares during the last quarter. Sherbrooke Park Advisers LLC raised its stake in UWM by 17.4% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 20,038 shares of the company's stock valued at $118,000 after buying an additional 2,975 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in UWM by 13.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 29,477 shares of the company's stock valued at $174,000 after buying an additional 3,524 shares during the last quarter. Bleakley Financial Group LLC raised its stake in UWM by 10.9% in the first quarter. Bleakley Financial Group LLC now owns 44,059 shares of the company's stock valued at $241,000 after buying an additional 4,336 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its stake in UWM by 23.5% in the second quarter. Teacher Retirement System of Texas now owns 23,929 shares of the company's stock valued at $99,000 after buying an additional 4,552 shares during the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Keefe, Bruyette & Woods downgraded UWM from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $6.50 to $4.50 in a research report on Thursday, July 10th. The Goldman Sachs Group reduced their price objective on UWM from $6.00 to $5.25 and set a "neutral" rating on the stock in a research note on Wednesday, July 2nd. Barclays raised UWM from an "equal weight" rating to an "overweight" rating and set a $6.00 price objective on the stock in a research note on Tuesday, July 8th. Finally, Wall Street Zen upgraded UWM from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, UWM has an average rating of "Hold" and an average target price of $5.54.

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.