Walter Investment Management (WAC) Sees Unusually-High Trading Volume

Walter Investment Management Corp (NYSE:WAC) shares saw an uptick in trading volume on Thursday . 2,772,801 shares changed hands during trading, an increase of 570% from the previous session’s volume of 413,633 shares.The stock last traded at $0.85 and had previously closed at $0.76.

The firm has a market capitalization of $26.95, a P/E ratio of -0.13 and a beta of 0.68. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of -57.71.

Walter Investment Management (NYSE:WAC) last announced its quarterly earnings results on Thursday, November 9th. The financial services provider reported ($0.88) EPS for the quarter.

Several institutional investors have recently made changes to their positions in the company. CQS Cayman LP acquired a new position in shares of Walter Investment Management in the 2nd quarter valued at $189,000. Virtu KCG Holdings LLC lifted its stake in shares of Walter Investment Management by 624.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 237,678 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 204,878 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Walter Investment Management by 1,383.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 241,879 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 225,576 shares during the last quarter. Alta Fundamental Advisers LLC acquired a new position in shares of Walter Investment Management in the 2nd quarter valued at $237,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Walter Investment Management in the 2nd quarter valued at $252,000. 39.56% of the stock is currently owned by institutional investors and hedge funds.

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Walter Investment Management Company Profile

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

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