UWM Holdings CEO Mat Ishbia Indirectly Sells 1.9 Million Shares for $8.37 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Source: Fool
- Insider Sale: UWM Holdings CEO Mat Ishbia indirectly sold nearly 1.9 million shares through SFS Corp, totaling $8.37 million, indicating a strategic unwinding of indirect holdings rather than a reduction in direct ownership.
- Transaction Scale Analysis: The sale of 1.9 million shares exceeds the recent average indirect sale of 1.2 million shares, impacting 22.36% of pre-trade holdings, significantly higher than the historical median of 4.37%, reflecting a shrinking available share base.
- Remaining Ownership Capacity: Post-transaction, Ishbia retains only 279,989 direct shares and 6,314,123 indirect shares, limiting future large-scale liquidations, as he still holds approximately 2.8 billion shares according to the latest proxy statement.
- Market Context Influence: The transactions were executed at $4.41 per share, with UWM's stock down 15.36% over the past year, indicating that the liquidation strategy aligns with a systematic adjustment to market conditions rather than opportunistic timing.
Analyst Views on UWMC
Wall Street analysts forecast UWMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for UWMC is 7.20 USD with a low forecast of 6.00 USD and a high forecast of 10.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 4.710
Low
6.00
Averages
7.20
High
10.00
Current: 4.710
Low
6.00
Averages
7.20
High
10.00
About UWMC
UWM Holdings Corporation, through its subsidiaries, is engaged in the origination, sale and servicing of residential mortgage loans throughout the United States. The Company originates primarily conforming and government loans across all 50 states and the District of Columbia. It operates in a single segment and is engaged in the origination, sale and servicing of residential mortgage loans, exclusively in the wholesale channel. It is focused on originating conventional, agency-eligible loans that can be sold to Fannie Mae, Freddie Mac or transferred to Ginnie Mae pools for sale in the secondary market. Its conventional agency-conforming loans meet the general underwriting guidelines established by Fannie Mae and Freddie Mac. Easiest Application System Ever is its primary LOS that allows clients to interact with the Company and to select products, lock rates and run the Automated Underwriting System. Blink+ is its client facing point of sale system white-labeled for its clients.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
