Insider Selling: UWM (NYSE:UWMC) CEO Sells 1,000,574 Shares of Stock

UWM Holdings Corporation (NYSE:UWMCGet Free Report) CEO Ishbia Mat sold 1,000,574 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $3.93, for a total value of $3,932,255.82. Following the transaction, the chief executive officer owned 11,322,395 shares of the company’s stock, valued at approximately $44,497,012.35. This represents a 8.12% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 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 value of $3,942,261.56.
  • 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.
  • On Monday, April 13th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.66, for a total value 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 value 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 value of $3,872,221.38.
  • On Monday, April 6th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.73, for a total value of $3,732,141.02.
  • On Thursday, April 2nd, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.69, for a total transaction of $3,692,118.06.
  • On Friday, March 27th, Ishbia Mat sold 1,000,574 shares of UWM stock. The stock was sold at an average price of $3.49, for a total transaction of $3,492,003.26.
  • On Tuesday, March 31st, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.
  • On Wednesday, March 25th, Ishbia Mat sold 1,000,574 shares of UWM stock. The shares were sold at an average price of $3.55, for a total transaction of $3,552,037.70.

UWM Price Performance

UWM stock traded up $0.06 during trading hours on Monday, hitting $3.98. 11,460,335 shares of the company traded hands, compared to its average volume of 18,066,492. UWM Holdings Corporation has a 1-year low of $3.38 and a 1-year high of $7.14. The firm has a market cap of $6.36 billion, a P/E ratio of 66.25 and a beta of 1.93. The firm’s 50-day simple moving average is $4.04 and its two-hundred day simple moving average is $4.88. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64.

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

UWM Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 10.1%. The ex-dividend date was Thursday, March 19th. UWM’s dividend payout ratio is 666.67%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UWMC. BTIG Research reiterated a “buy” rating and set a $10.00 price target on shares of UWM in a research report on Tuesday, March 10th. Weiss Ratings lowered UWM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Keefe, Bruyette & Woods decreased their target price on UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a research note on Friday, April 10th. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. Finally, Compass Point initiated coverage on shares of UWM in a research report on Tuesday, March 10th. They issued a “buy” rating and a $8.50 price target on the stock. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.24.

Read Our Latest Analysis on UWM

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in shares of UWM by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 55,509 shares of the company’s stock valued at $243,000 after buying an additional 2,329 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of UWM by 4.9% during the 4th quarter. Public Employees Retirement System of Ohio now owns 51,423 shares of the company’s stock valued at $225,000 after acquiring an additional 2,407 shares during the last quarter. Allworth Financial LP boosted its stake in shares of UWM by 62.5% during the 4th quarter. Allworth Financial LP now owns 6,765 shares of the company’s stock worth $30,000 after acquiring an additional 2,602 shares in the last quarter. Choreo LLC grew its holdings in shares of UWM by 16.1% in the 4th quarter. Choreo LLC now owns 19,017 shares of the company’s stock worth $84,000 after acquiring an additional 2,637 shares during the last quarter. Finally, State of Wyoming grew its holdings in shares of UWM by 24.9% in the 3rd quarter. State of Wyoming now owns 14,552 shares of the company’s stock worth $89,000 after acquiring an additional 2,902 shares during the last quarter. Institutional investors and hedge funds own 53.59% of the company’s stock.

UWM Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for UWM (NYSE:UWMC)

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