Victory Capital Management Inc. grew its stake in shares of Walker & Dunlop, Inc. (NYSE:WD – Free Report) by 8.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,671 shares of the financial services provider’s stock after purchasing an additional 663 shares during the period. Victory Capital Management Inc.’s holdings in Walker & Dunlop were worth $686,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Belpointe Asset Management LLC boosted its stake in shares of Walker & Dunlop by 360.0% in the 1st quarter. Belpointe Asset Management LLC now owns 345 shares of the financial services provider’s stock worth $26,000 after buying an additional 270 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Walker & Dunlop by 168.6% in the 2nd quarter. Allworth Financial LP now owns 376 shares of the financial services provider’s stock worth $30,000 after buying an additional 236 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Walker & Dunlop in the 2nd quarter worth approximately $32,000. Covestor Ltd lifted 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 valued at $40,000 after purchasing an additional 304 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Walker & Dunlop by 222.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 818 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 77.99% of the company’s stock.
Walker & Dunlop Stock Up 0.8 %
NYSE WD opened at $65.32 on Thursday. The company has a 50-day simple moving average of $75.13 and a two-hundred day simple moving average of $77.22. Walker & Dunlop, Inc. has a 12-month low of $61.06 and a 12-month high of $101.02. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 15.37 and a beta of 1.44.
Insider Buying and Selling at Walker & Dunlop
In other news, COO Stephen P. Theobald sold 16,949 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $85.70, for a total transaction of $1,452,529.30. Following the completion of the sale, the chief operating officer now directly owns 57,754 shares in the company, valued at $4,949,517.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Stephen P. Theobald sold 16,949 shares of the stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $85.70, for a total transaction of $1,452,529.30. Following the completion of the sale, the chief operating officer now directly owns 57,754 shares in the company, valued at $4,949,517.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Howard W. Smith III sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $83.57, for a total transaction of $1,671,400.00. Following the completion of the sale, the president now owns 197,000 shares of the company’s stock, valued at $16,463,290. The disclosure for this sale can be found here. Insiders sold a total of 78,084 shares of company stock worth $6,278,609 over the last three months. Company insiders own 5.47% of the company’s stock.
Analyst Upgrades and Downgrades
WD has been the topic of several research analyst reports. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Tuesday. Wedbush upped their price objective on Walker & Dunlop from $90.00 to $105.00 in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods dropped their price objective on Walker & Dunlop from $102.00 to $89.00 in a research note on Tuesday, October 3rd.
Read Our Latest Stock Report on Walker & Dunlop
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. The company offers first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, and small-balance loans.
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