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Mat Ishbia, a Director and the President and CEO of UWM Holdings Corp (NYSE:UWMC), indirectly through SFS Holding Corp, sold a total of 1,200,108 shares of Class A Common Stock in multiple transactions between July 15 and July 17, 2025. The company, currently valued at $6.66 billion, has seen its stock decline by 28.46% over the past six months, though InvestingPro analysis suggests the stock is currently undervalued. The sales were executed at prices ranging from $4.17 to $4.29, resulting in a total value of $5,020,451.
The sales were executed by SFS Holding Corp, pursuant to a 10b5-1 Plan adopted on March 17, 2025. Specifically, on July 15, 2025, 400,036 shares were sold at a price of $4.20 per share. On July 16, 2025, another 400,036 shares were sold at $4.17 per share, and on July 17, 2025, a further 400,036 shares were sold at $4.18 per share. Despite the insider selling, the stock maintains a notable 9.5% dividend yield, making it an interesting income play in today’s market.
On July 15, SFS Holding Corp also converted 4,200,000 UWM Paired Interests into Class A Common Stock.
Following these transactions, SFS Holding Corp. indirectly held 4,499,244 shares of Class A Common Stock. Mat Ishbia directly held 279,989 shares. He also indirectly holds 1,384,882,620 shares of UWM Paired Interests. Additionally, Ishbia directly holds 180,737 Restricted Stock Units which convert to Class A Common Stock on a one-for-one basis and vest on March 1, 2026.
In other recent news, UWM Holdings Corporation reported its first-quarter earnings, which fell short of analyst expectations. The company posted a net loss of $247 million, or -$0.12 per share, missing the consensus estimate of $0.05 per share. However, revenue exceeded expectations, reaching $613.37 million compared to the anticipated $545.77 million, marking a 4.8% increase year-over-year. Loan origination volume for the quarter was $32.4 billion, a 17% increase from the previous year but a 16% decrease from the previous quarter. The company also announced a cash dividend of $0.10 per share, payable on July 10, 2025.
In other developments, Barclays (LON:BARC) upgraded UWM Holdings’ stock rating from Equalweight to Overweight, maintaining a price target of $6.00. Barclays highlighted the company’s broker channel growth as a key driver for market share gains. The firm also noted that UWM Holdings’ shares are trading at a discount compared to historical averages. Barclays expects expense growth to moderate in the latter half of the year, addressing investor concerns about long-term expenses. Looking forward, UWM anticipates second-quarter production to range between $38 billion and $45 billion, with a gain margin between 90 and 115 basis points.
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