First Quadrant L P CA boosted its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 62.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,779 shares of the financial services provider’s stock after purchasing an additional 1,834 shares during the period. First Quadrant L P CA’s holdings in Walker & Dunlop were worth $267,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WD. Nuveen Asset Management LLC acquired a new stake in Walker & Dunlop during the second quarter valued at $34,321,000. BlackRock Inc. boosted its position in Walker & Dunlop by 3.1% during the second quarter. BlackRock Inc. now owns 4,250,319 shares of the financial services provider’s stock valued at $226,159,000 after purchasing an additional 126,536 shares during the last quarter. Vanguard Group Inc. boosted its position in Walker & Dunlop by 2.9% during the second quarter. Vanguard Group Inc. now owns 4,345,729 shares of the financial services provider’s stock valued at $231,237,000 after purchasing an additional 123,511 shares during the last quarter. Eaton Vance Management boosted its position in Walker & Dunlop by 128.7% during the second quarter. Eaton Vance Management now owns 135,347 shares of the financial services provider’s stock valued at $7,202,000 after purchasing an additional 76,176 shares during the last quarter. Finally, Putnam Investments LLC acquired a new stake in Walker & Dunlop during the second quarter valued at $3,288,000. 78.43% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO William M. Walker sold 90,389 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $56.15, for a total value of $5,075,342.35. Following the sale, the chief executive officer now directly owns 1,340,749 shares in the company, valued at approximately $75,283,056.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Stephen P. Theobald sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $57.26, for a total value of $572,600.00. Following the completion of the sale, the chief financial officer now owns 75,976 shares in the company, valued at $4,350,385.76. The disclosure for this sale can be found here. Insiders have sold 110,389 shares of company stock worth $6,199,542 over the last 90 days. Corporate insiders own 10.37% of the company’s stock.
WD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut Walker & Dunlop from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $64.00 in a research report on Thursday, September 5th. Compass Point set a $63.00 price target on Walker & Dunlop and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Wedbush reaffirmed an “outperform” rating and issued a $65.00 price target (up previously from $60.00) on shares of Walker & Dunlop in a research report on Wednesday, July 3rd. Zacks Investment Research lowered Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, ValuEngine lowered Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Friday, September 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $64.50.
Shares of WD opened at $62.94 on Tuesday. Walker & Dunlop, Inc. has a 12-month low of $37.96 and a 12-month high of $63.50. The company has a quick ratio of 4.79, a current ratio of 4.79 and a debt-to-equity ratio of 1.67. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of 12.49 and a beta of 0.97. The stock’s 50-day moving average price is $57.78 and its 200 day moving average price is $55.29.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.03. Walker & Dunlop had a return on equity of 18.34% and a net margin of 21.58%. The firm had revenue of $200.33 million for the quarter, compared to analyst estimates of $188.90 million. During the same period in the previous year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. Equities research analysts expect that Walker & Dunlop, Inc. will post 5.58 EPS for the current year.
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
Featured Story: What is a Swap?
Want to see what other hedge funds are holding WD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walker & Dunlop, Inc. (NYSE:WD).
Receive News & Ratings for Walker & Dunlop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop and related companies with MarketBeat.com's FREE daily email newsletter.