Insider Selling: UWM (NYSE:UWMC) CEO Sells $3,623,706.88 in Stock

UWM Holdings Corporation (NYSE:UWMC) 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 transaction of $3,623,706.88. Following the completion of the transaction, the chief executive officer directly owned 5,002,420 shares in the company, valued at approximately $18,108,760.40. This represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ishbia Mat also recently made the following trade(s):

• On Wednesday, May 6th, Ishbia Mat sold 1,003,333 shares of UWM stock. The shares were sold at an average price of $3.66, for a total transaction of $3,672,198.78.
• 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 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 transaction 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 stock was 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 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 stock was sold at an average price of $3.93, for a total value of $3,932,255.82.

UWM Stock Up 1.6%

NYSE UWMC opened at $3.49 on Thursday. The business’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $4.74. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.64. The firm has a market cap of $5.58 billion, a PE ratio of 58.08 and a beta of 1.78. UWM Holdings Corporation has a 52 week low of $3.38 and a 52 week high of $7.14.

UWM (NYSE:UWMC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. UWM had a net margin of 0.87% and a negative return on equity of 1.35%. The firm had revenue of $901.43 million during the quarter, compared to analyst estimates of $709.85 million. As a group, equities analysts anticipate that UWM Holdings Corporation will post 0.41 earnings per share for the current year.

UWM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.5%. UWM’s dividend payout ratio (DPR) is currently 666.67%.

Institutional Trading of UWM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UWMC. Dynamic Technology Lab Private Ltd acquired a new position in UWM during the first quarter worth $92,000. Focus Partners Wealth acquired a new stake in shares of UWM in the first quarter valued at $55,000. Cetera Investment Advisers raised its holdings in shares of UWM by 20.5% in the 2nd quarter. Cetera Investment Advisers now owns 112,961 shares of the company’s stock valued at $468,000 after buying an additional 19,239 shares during the period. Legal & General Group Plc raised its holdings in shares of UWM by 65.9% in the 2nd quarter. Legal & General Group Plc now owns 180,164 shares of the company’s stock valued at $746,000 after buying an additional 71,555 shares during the period. Finally, Rhumbline Advisers lifted its stake in UWM by 18.5% during the 2nd quarter. Rhumbline Advisers now owns 115,501 shares of the company’s stock worth $478,000 after acquiring an additional 18,034 shares in the last quarter. Hedge funds and other institutional investors own 53.59% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings cut UWM from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 27th. Zacks Research raised UWM from a “strong sell” rating to a “hold” rating in a research note on Monday, March 30th. Wall Street Zen raised UWM from a “strong sell” rating to a “hold” rating in a research note on Saturday, February 28th. Keefe, Bruyette & Woods lowered their price target on UWM from $6.00 to $5.00 and set a “market perform” rating for the company in a report on Friday, April 10th. Finally, BTIG Research reissued a “buy” rating and set a $10.00 price objective on shares of UWM in a research report on Tuesday, March 10th. Three research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.99.

More UWM News

Here are the key news stories impacting UWM this week:

• Positive Sentiment: Q1 beat: UWM reported revenue of $901.4M and EPS $0.09, topping consensus and showing profit improvement — the core earnings/revenue surprise is the main catalyst lifting the stock. AP: Q1 Results
• Positive Sentiment: Dividend declared: Board approved a $0.10 quarterly dividend (annualized ~ $0.40) — yields cited near double-digit levels, which can attract income-focused buyers.
• Positive Sentiment: Management pushing on deal value: UWM publicly disputed Two Harbors’ characterization of UWMC’s revised offer, keeping the possibility of a higher bid or continued negotiation on the table (supports upside tied to M&A). BusinessWire: UWMC Responds
• Neutral Sentiment: Earnings call/transcript posted — read for management commentary on margins, mortgage volumes, share count and any guidance changes; these details will determine whether the beat is durable. SA: Earnings Call Transcript
• Negative Sentiment: CEO insider selling: CEO Mat Ishbia has executed multiple large Rule 10b5-1 sales (millions of shares over recent sessions), materially trimming his stake — this raises concerns about insider liquidity and can weigh on sentiment. SEC filing: SEC Form 4
• Negative Sentiment: Deal uncertainty: Two Harbors’ board rejected UWM’s revised $12.00 proposal and reaffirmed the CrossCountry transaction, lowering the odds of a friendly deal and removing a key potential re-rating catalyst. HousingWire: TWO rejects UWM
• Negative Sentiment: Unusual options flow: Large spike in put purchases (34,068 puts, ~262% above normal) signals elevated hedging or speculative bearish positioning that can amplify downside volatility.

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.