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

Key Points

• UWM CEO Ishbia Mat executed multiple sales in April — roughly 11.0 million shares across 11 trades — under a pre-arranged Rule 10b5-1 plan, raising about $41.6 million and leaving him with 5,318,951 shares.
• UWM shares traded near $3.75 (down ~0.9%), the company has a market cap of about $6.0 billion, pays a 10.7% dividend

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the firm's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72. Following the completion of the sale, the chief executive officer directly owned 5,318,951 shares of the company's stock, valued at approximately $20,105,634.78. The trade was a 15.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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 transaction 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 transaction 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 transaction 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 transaction of $3,932,255.82.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total transaction of $3,782,169.72.
• On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.66, for a total transaction of $3,662,100.84.
• 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 stock was sold at an average price of $3.73, for a total transaction 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 transaction of $3,692,118.06.

UWM Trading Down 0.9%

Shares of NYSE:UWMC traded down $0.04 during trading on Monday, reaching $3.75. 11,791,511 shares of the company were exchanged, compared to its average volume of 11,720,517. The firm has a market capitalization of $5.99 billion, a PE ratio of 62.42 and a beta of 1.93. The business's fifty day simple moving average is $3.92 and its 200-day simple moving average is $4.80. UWM Holdings Corporation has a 12-month low of $3.38 and a 12-month high of $7.14. 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 (NYSE:UWMC - Get Free Report) last issued its earnings results on Wednesday, February 25th. The company reported $0.08 EPS for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The company had revenue of $945.25 million for 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, research analysts anticipate that UWM Holdings Corporation will post 0.41 EPS for the current year.

UWM Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date was Thursday, March 19th. UWM's dividend payout ratio is 666.67%.

Analyst Ratings Changes

UWMC has been the subject of a number of analyst reports. Argus upgraded UWM to a "hold" rating in a research note on Tuesday, March 31st. Barclays decreased their price objective on UWM from $6.00 to $5.00 and set an "overweight" rating for the company in a research note on Monday, April 6th. Zacks Research raised shares of UWM from a "strong sell" rating to a "hold" rating in a report on Monday, March 30th. Weiss Ratings lowered shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 27th. Finally, The Goldman Sachs Group set a $5.00 price target on shares of UWM in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $5.99.

Hedge Funds Weigh In On UWM

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its holdings in UWM by 5,681.9% in the third quarter. Allworth Financial LP now owns 4,163 shares of the company's stock worth $25,000 after purchasing an additional 4,091 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of UWM by 408.7% during the third quarter. GAMMA Investing LLC now owns 5,407 shares of the company's stock valued at $33,000 after buying an additional 4,344 shares during the last quarter. Advisory Services Network LLC purchased a new stake in shares of UWM during the third quarter valued at $38,000. Raymond James Financial Inc. purchased a new stake in shares of UWM during the second quarter valued at $35,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of UWM by 1,410.7% during the fourth quarter. Farther Finance Advisors LLC now owns 8,596 shares of the company's stock valued at $38,000 after buying an additional 8,027 shares during the last quarter. 53.59% of the stock is owned by hedge funds and other institutional investors.

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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