Ergoteles LLC purchased a new stake in shares of Walker & Dunlop, Inc. (NYSE:WD – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,200 shares of the financial services provider’s stock, valued at approximately $352,000.
A number of other large investors also recently bought and sold shares of WD. Quadrant Capital Group LLC raised its stake in Walker & Dunlop by 398.6% in the third quarter. Quadrant Capital Group LLC now owns 359 shares of the financial services provider’s stock worth $30,000 after buying an additional 287 shares in the last quarter. Covestor Ltd raised its stake in Walker & Dunlop by 5,066.7% in the first quarter. Covestor Ltd now owns 310 shares of the financial services provider’s stock worth $40,000 after buying an additional 304 shares in the last quarter. First Manhattan Co. bought a new position in Walker & Dunlop in the first quarter worth approximately $65,000. Quantbot Technologies LP bought a new position in Walker & Dunlop in the third quarter worth approximately $110,000. Finally, Nisa Investment Advisors LLC raised its stake in Walker & Dunlop by 44.4% in the second quarter. Nisa Investment Advisors LLC now owns 1,300 shares of the financial services provider’s stock worth $125,000 after buying an additional 400 shares in the last quarter. Institutional investors own 77.78% of the company’s stock.
Insider Activity
In other Walker & Dunlop news, COO Stephen P. Theobald sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $92.35, for a total value of $277,050.00. Following the sale, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $4,035,602.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Walker & Dunlop news, COO Stephen P. Theobald sold 15,496 shares of the company’s stock in a transaction on Thursday, February 2nd. The shares were sold at an average price of $100.32, for a total value of $1,554,558.72. Following the sale, the chief operating officer now directly owns 43,699 shares of the company’s stock, valued at $4,383,883.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Stephen P. Theobald sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $92.35, for a total transaction of $277,050.00. Following the completion of the sale, the chief operating officer now directly owns 43,699 shares in the company, valued at $4,035,602.65. The disclosure for this sale can be found here. Insiders have sold 27,092 shares of company stock valued at $2,569,847 over the last ninety days. 8.05% of the stock is currently owned by insiders.
Walker & Dunlop Price Performance
Walker & Dunlop (NYSE:WD – Get Rating) last announced its quarterly earnings data on Tuesday, February 21st. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.55 by ($0.14). The company had revenue of $282.85 million for the quarter, compared to analysts’ expectations of $331.46 million. Walker & Dunlop had a net margin of 16.84% and a return on equity of 12.97%. Walker & Dunlop’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same period last year, the firm earned $2.42 earnings per share. As a group, research analysts anticipate that Walker & Dunlop, Inc. will post 6.49 EPS for the current fiscal year.
Walker & Dunlop Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Wednesday, March 8th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, March 7th. This is a positive change from Walker & Dunlop’s previous quarterly dividend of $0.60. This represents a $2.52 dividend on an annualized basis and a dividend yield of 2.85%. Walker & Dunlop’s payout ratio is 37.68%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. StockNews.com raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Wolfe Research downgraded Walker & Dunlop from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, January 31st. Finally, JMP Securities reduced their price target on Walker & Dunlop from $140.00 to $110.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 10th.
Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company. engages in the provision of commercial real estate and finance services. It focuses on multifamily lending, debt brokerage, and property sales. It also involves the delivery and servicing of loan products for its customers. The company was founded by Oliver Walker and Laird Dunlop in 1937 and is headquartered in Bethesda, MD.
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