UWM (NYSE:UWMC) CEO Ishbia Mat Sells 1,001,024 Shares

Key Points

• UWM CEO Ishbia Mat sold 1,001,024 shares on May 1 at an average price of $3.62 under a pre‑arranged Rule 10b5‑1 plan, leaving him with 5,002,420 shares (a 16.67% reduction) valued at about $18.1 million.
• Across mid‑April to early May he executed roughly 11 large sales totaling about 10.9 million shares, representing an aggregate divestment of approximately $40.5 million.
• For context, UWMC trades near $3.55 with a market cap of $5.68 billion, a reported dividend yield of 11.3% (payout ratio ~666.7%), and a MarketBeat consensus rating of "Hold" with a $5.99 price target.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,001,024 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $3.62, for a total value of $3,623,706.88. Following the completion of the sale, the chief executive officer directly owned 5,002,420 shares of the company's stock, valued at approximately $18,108,760.40. This represents a 16.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $3.93, for a total value of $3,932,255.82.
• On Wednesday, April 15th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.78, for a total value of $3,782,169.72.

UWM Stock Performance

Shares of UWMC stock traded down $0.11 during mid-day trading on Monday, reaching $3.55. The stock had a trading volume of 11,275,529 shares, compared to its average volume of 17,241,156. The business's fifty day moving average is $3.84 and its 200-day moving average is $4.77. 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 firm has a market cap of $5.68 billion, a price-to-earnings ratio of 59.18 and a beta of 1.78. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year 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 for the quarter, missing analysts' consensus estimates of $0.09 by ($0.01). The firm had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. On average, research analysts forecast that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Announces Dividend

The business also recently announced 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 was Thursday, March 19th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.3%. UWM's dividend payout ratio is presently 666.67%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UWMC. Barclays lowered their target price on UWM from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Monday, April 6th. Keefe, Bruyette & Woods lowered their target price on UWM from $6.00 to $5.00 and set a "market perform" rating on the stock in a research note on Friday, April 10th. Compass Point began coverage on UWM in a research note on Tuesday, March 10th. They issued a "buy" rating and a $8.50 target price on the stock. Zacks Research upgraded UWM from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Finally, BTIG Research restated a "buy" rating and issued a $10.00 target price on shares of UWM in a research note on Tuesday, March 10th. Three research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $5.99.

Hedge Funds Weigh In On UWM

A number of hedge funds have recently bought and sold shares of UWMC. Dynamic Technology Lab Private Ltd purchased a new position in UWM during the first quarter worth approximately $92,000. Focus Partners Wealth purchased a new position in UWM during the first quarter worth approximately $55,000. Cetera Investment Advisers boosted its position in UWM by 20.5% during the second quarter. Cetera Investment Advisers now owns 112,961 shares of the company's stock worth $468,000 after purchasing an additional 19,239 shares in the last quarter. Legal & General Group Plc boosted its position in UWM by 65.9% during the second quarter. Legal & General Group Plc now owns 180,164 shares of the company's stock worth $746,000 after purchasing an additional 71,555 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in UWM by 18.5% during the second quarter. Rhumbline Advisers now owns 115,501 shares of the company's stock worth $478,000 after purchasing an additional 18,034 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company's stock.

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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