UWM (NYSE:UWMC) CEO Sells $3,581,898.81 in Stock

Key Points

• UWM CEO Ishbia Mat sold 1,003,333 shares on May 4 at $3.57 for $3,581,898.81 under a pre-arranged Rule 10b5-1 plan, part of a string of daily sales that reduced his position by about 20% to 3,999,087 shares valued ~ $14.28M.
• UWMC shares trade around $3.55 with a market cap of $5.68B and a 12‑month range of $3.38–$7.14; the company missed quarterly EPS ($0.08 vs. $0.09 est.) despite revenue upside, and analysts hold a consensus “Hold” with an average price target of $5.99.
• UWM recently paid a quarterly dividend of $0.10 ($0.40 annualized), implying an ~11.3% yield, but the dividend payout ratio is an unsustainably high 666.67%.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,003,333 shares of the firm's stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $3.57, for a total transaction of $3,581,898.81. Following the completion of the sale, the chief executive officer owned 3,999,087 shares in the company, valued at $14,276,740.59. The trade was a 20.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 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 value of $3,623,706.88.
• On Thursday, April 30th, Ishbia Mat sold 934,061 shares of UWM stock. The shares were 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 shares were 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 traded down $0.11 during mid-day trading on Monday, reaching $3.55. 11,275,529 shares of the company's stock traded hands, compared to its average volume of 17,241,156. The business's 50-day moving average price is $3.84 and its 200-day moving average price is $4.77. The stock has a market capitalization of $5.68 billion, a P/E ratio of 59.18 and a beta of 1.78. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.52 and a current ratio of 1.52. UWM Holdings Corporation has a 12 month low of $3.38 and a 12 month high of $7.14.

UWM (NYSE:UWMC - Get Free Report) last released its quarterly 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). The business had revenue of $945.25 million for the quarter, compared to the consensus estimate of $759.12 million. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. Equities analysts predict that UWM Holdings Corporation will post 0.41 earnings per share 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 11.3%. The ex-dividend date was Thursday, March 19th. UWM's dividend payout ratio (DPR) is currently 666.67%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on UWMC shares. The Goldman Sachs Group set a $5.00 price objective on shares of UWM in a research note on Tuesday, January 6th. Compass Point started coverage on shares of UWM in a research note on Tuesday, March 10th. They set a "buy" rating and a $8.50 price objective on the stock. Jefferies Financial Group set a $4.40 price objective on shares of UWM in a research note on Wednesday, February 25th. Barclays lowered their price objective on shares of UWM from $6.00 to $5.00 and set an "overweight" rating on the stock in a research note on Monday, April 6th. Finally, Stephens started coverage on shares of UWM in a research note on Friday, April 24th. They set an "equal weight" rating and a $4.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $5.99.

Institutional Inflows and Outflows

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

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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