Argent Capital Management LLC cut its holdings in Walker & Dunlop, Inc. (NYSE:WD) by 16.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,675 shares of the financial services provider’s stock after selling 18,650 shares during the period. Argent Capital Management LLC owned approximately 0.30% of Walker & Dunlop worth $4,574,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its stake in Walker & Dunlop by 226.2% during the second quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,823 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Walker & Dunlop by 68.6% during the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after buying an additional 1,098 shares in the last quarter. Cypress Capital Management LLC WY grew its stake in Walker & Dunlop by 72.8% during the second quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock worth $133,000 after buying an additional 1,150 shares in the last quarter. LS Investment Advisors LLC grew its stake in Walker & Dunlop by 1.5% during the second quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after buying an additional 47 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Walker & Dunlop by 69.4% during the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock worth $174,000 after buying an additional 1,462 shares in the last quarter. Institutional investors and hedge funds own 77.25% of the company’s stock.

A number of brokerages have issued reports on WD. Zacks Investment Research downgraded shares of Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. Keefe, Bruyette & Woods set a $49.00 price objective on shares of Walker & Dunlop and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. JMP Securities upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Thursday, August 3rd. Finally, BidaskClub downgraded shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Walker & Dunlop has a consensus rating of “Buy” and an average target price of $44.00.

In other Walker & Dunlop news, Director Dana L. Schmaltz acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $47.85 per share, with a total value of $95,700.00. Following the completion of the acquisition, the director now owns 44,983 shares of the company’s stock, valued at $2,152,436.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dana L. Schmaltz acquired 1,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $46.05 per share, with a total value of $46,050.00. Following the acquisition, the director now directly owns 46,983 shares of the company’s stock, valued at approximately $2,163,567.15. The disclosure for this purchase can be found here. Insiders have bought 4,000 shares of company stock valued at $186,850 in the last three months. 11.70% of the stock is owned by insiders.

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Shares of Walker & Dunlop, Inc. (WD) traded down 0.17% during midday trading on Friday, reaching $54.11. 275,574 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $48.67 and a 200 day moving average price of $47.53. Walker & Dunlop, Inc. has a 12 month low of $23.61 and a 12 month high of $54.58. The company has a market cap of $1.69 billion, a P/E ratio of 11.96 and a beta of 1.37.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $167.51 million. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Walker & Dunlop’s revenue was up 12.5% on a year-over-year basis. Equities research analysts forecast that Walker & Dunlop, Inc. will post $4.54 earnings per share for the current fiscal year.

Walker & Dunlop Profile

Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company 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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Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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