UWM (NYSE:UWMC) CEO Ishbia Mat Sells 934,061 Shares

Key Points

• Ishbia Mat, UWM's CEO, sold roughly 10.9 million shares between April 15 and May 4 under a pre-arranged Rule 10b5-1 plan, generating about $40.5 million and cutting his direct stake to 2,397,672 shares—a 28.04% reduction.
• UWM shares trade around $3.55 (12‑month range $3.38–$7.14) with a $5.68 billion market cap; analysts are mixed (consensus "Hold", average target $5.99), and the company offers an 11.3% dividend but with a very high payout ratio (~666.7%).

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 934,061 shares of the firm's stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $3.53, for a total transaction of $3,297,235.33. Following the completion of the transaction, the chief executive officer directly owned 2,397,672 shares in the company, valued at approximately $8,463,782.16. This represents a 28.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 Monday, May 4th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.57, for a total transaction of $3,581,898.81.
• On Friday, May 1st, Ishbia Mat sold 1,001,024 shares of UWM stock. The shares were sold at an average price of $3.62, for a total transaction of $3,623,706.88.
• On Wednesday, April 29th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.50, for a total transaction 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 shares were sold at an average price of $3.78, for a total transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $3,782,169.72.

UWM Price Performance

Shares of UWM stock traded down $0.11 during midday trading on Monday, hitting $3.55. 11,275,529 shares of the company traded hands, compared to its average volume of 17,241,156. 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 quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 59.18 and a beta of 1.78. The firm's fifty day moving average price is $3.84 and its 200-day moving average price is $4.77.

UWM (NYSE:UWMC - Get Free Report) last posted its earnings results 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). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The business had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. As a group, sell-side analysts forecast that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 11.3%. The ex-dividend date of this dividend was Thursday, March 19th. UWM's payout ratio is presently 666.67%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Brandes Investment Partners LP bought a new stake in shares of UWM during the 4th quarter valued at about $45,867,000. Azora Capital LP lifted its position in shares of UWM by 230.8% during the 4th 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 period. Integrated Investment Consultants LLC acquired a new stake in UWM in the third quarter worth $32,630,000. Renaissance Technologies LLC bought a new stake in UWM in the fourth quarter valued at $21,580,000. Finally, First Trust Advisors LP bought a new stake in UWM in the fourth quarter valued at $19,303,000. 53.59% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UWMC has been the topic of a number of research reports. Weiss Ratings lowered shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 27th. Wall Street Zen raised shares of UWM from a "strong sell" rating to a "hold" rating in a report on Saturday, February 28th. Keefe, Bruyette & Woods reduced their target price on shares of UWM from $6.00 to $5.00 and set a "market perform" rating on the stock in a report on Friday, April 10th. Compass Point initiated coverage on shares of UWM in a report on Tuesday, March 10th. They set a "buy" rating and a $8.50 target price on the stock. Finally, Jefferies Financial Group set a $4.40 target price on shares of UWM in a report on Wednesday, February 25th. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $5.99.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.