BNP Paribas Arbitrage SA lowered its position in Walker & Dunlop Inc. (NYSE:WD) by 49.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,437 shares of the company’s stock after selling 4,265 shares during the period. BNP Paribas Arbitrage SA’s holdings in Walker & Dunlop were worth $112,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Stoneridge Investment Partners LLC purchased a new stake in shares of Walker & Dunlop during the second quarter worth about $1,215,000. Bank of Montreal Can purchased a new stake in shares of Walker & Dunlop during the second quarter worth about $2,101,000. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Walker & Dunlop by 70.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 28,024 shares of the company’s stock worth $638,000 after buying an additional 11,540 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Walker & Dunlop by 17.9% in the second quarter. Capstone Asset Management Co. now owns 15,150 shares of the company’s stock worth $345,000 after buying an additional 2,300 shares during the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in shares of Walker & Dunlop by 57.7% in the first quarter. Panagora Asset Management Inc. now owns 210,730 shares of the company’s stock worth $5,114,000 after buying an additional 77,068 shares during the last quarter. Institutional investors and hedge funds own 78.04% of the company’s stock.
Walker & Dunlop Inc. (NYSE:WD) opened at 24.04 on Friday. The firm has a 50 day moving average price of $25.59 and a 200-day moving average price of $24.42. The firm has a market capitalization of $740.70 million, a price-to-earnings ratio of 8.34 and a beta of 1.05. Walker & Dunlop Inc. has a 12 month low of $19.50 and a 12 month high of $33.17.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.36. The firm earned $147.90 million during the quarter, compared to the consensus estimate of $114.53 million. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.67 EPS. On average, equities analysts forecast that Walker & Dunlop Inc. will post $2.90 EPS for the current year.
Several research firms recently commented on WD. Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “strong-buy” rating and set a $32.00 price target on the stock in a research report on Saturday, August 6th. Keefe, Bruyette & Woods boosted their price target on Walker & Dunlop from $23.00 to $26.00 and gave the stock a “market perform” rating in a research report on Thursday, August 4th. JMP Securities boosted their price target on Walker & Dunlop from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research report on Thursday, August 4th. Finally, Wedbush began coverage on Walker & Dunlop in a research report on Wednesday, October 5th. They set a “neutral” rating and a $26.75 price target on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $29.15.
In other news, Director Dana L. Schmaltz bought 1,500 shares of the company’s stock in a transaction on Friday, August 19th. The shares were bought at an average cost of $26.17 per share, with a total value of $39,255.00. Following the transaction, the director now directly owns 40,333 shares in the company, valued at approximately $1,055,514.61. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO William M. Walker sold 53,170 shares of the company’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $26.71, for a total value of $1,420,170.70. Following the completion of the transaction, the chief executive officer now directly owns 1,493,462 shares in the company, valued at $39,890,370.02. The disclosure for this sale can be found here. 11.60% of the stock is owned by corporate insiders.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It originates, sells, and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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