UWM (NYSE:UWMC) CEO Sells $3,752,152.50 in Stock

Key Points

• UWM CEO Ishbia Mat sold 1,000,574 shares on April 24 for $3.75M under a pre-arranged Rule 10b5-1 plan, cutting his stake by 13.67% to 6,319,525 shares; he executed a series of roughly 11 similar trades in April totaling about 11.0 million shares.
• UWMC trades near $3.75 (12‑month range $3.38–$7.14) with a $5.99B market cap; the company yields 10.7% annually but has an unsustainably high 666.67% payout ratio, and analysts have a consensus "Hold" with an average target of $5.99.

UWM Holdings Corporation (NYSE:UWMC - Get Free Report) CEO Ishbia Mat sold 1,000,574 shares of the firm's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $3.75, for a total value of $3,752,152.50. Following the completion of the sale, the chief executive officer directly owned 6,319,525 shares in the company, valued at approximately $23,698,218.75. This trade represents a 13.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 Monday, April 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.78, for a total value of $3,782,169.72.
• 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 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 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.
• 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 Stock Performance

Shares of UWMC stock traded down $0.04 during trading hours on Monday, reaching $3.75. The stock had a trading volume of 11,791,511 shares, compared to its average volume of 11,720,517. 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 Holdings Corporation has a twelve month low of $3.38 and a twelve month high of $7.14. The firm has a 50-day simple moving average of $3.92 and a 200-day simple moving average of $4.80. The firm has a market capitalization of $5.99 billion, a PE ratio of 62.42 and a beta of 1.93.

UWM (NYSE:UWMC - Get Free Report) last released 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). UWM had a negative return on equity of 1.35% and a net margin of 0.87%.The firm had revenue of $945.25 million during the quarter, compared to analyst estimates of $759.12 million. As a group, equities analysts forecast that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on UWMC shares. Argus raised shares of UWM to a "hold" rating in a report on Tuesday, March 31st. Compass Point assumed coverage on shares of UWM in a report on Tuesday, March 10th. They issued a "buy" rating and a $8.50 price objective on the stock. Jefferies Financial Group set a $4.40 target price on shares of UWM in a research note on Wednesday, February 25th. The Goldman Sachs Group set a $5.00 target price on shares of UWM in a research note on Tuesday, January 6th. Finally, Weiss Ratings cut shares of UWM from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, March 27th. 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.99.

Hedge Funds Weigh In On UWM

Several hedge funds have recently made changes to their positions in UWMC. Brandes Investment Partners LP acquired a new position in shares of UWM in the 4th quarter worth approximately $45,867,000. Azora Capital LP grew its stake in shares of UWM by 230.8% in the 4th quarter. Azora Capital LP now owns 11,296,053 shares of the company's stock worth $49,477,000 after purchasing an additional 7,881,586 shares during the last quarter. Integrated Investment Consultants LLC acquired a new position in shares of UWM in the 3rd quarter worth approximately $32,630,000. Renaissance Technologies LLC acquired a new position in shares of UWM in the 4th quarter worth approximately $21,580,000. Finally, First Trust Advisors LP acquired a new position in shares of UWM in the 4th quarter worth approximately $19,303,000. 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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