Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys Shares of 5,973 Walker & Dunlop, Inc. (WD)
Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,973 shares of the financial services provider’s stock, valued at approximately $332,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. grew its position in Walker & Dunlop by 1,013.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,692 shares of the financial services provider’s stock valued at $101,000 after acquiring an additional 1,540 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $127,000. Meeder Asset Management Inc. grew its position in Walker & Dunlop by 112.3% in the first quarter. Meeder Asset Management Inc. now owns 2,401 shares of the financial services provider’s stock valued at $143,000 after acquiring an additional 1,270 shares in the last quarter. Assetmark Inc. grew its position in Walker & Dunlop by 40,411.1% in the first quarter. Assetmark Inc. now owns 3,646 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 3,637 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in Walker & Dunlop in the first quarter valued at approximately $232,000. 81.42% of the stock is owned by hedge funds and other institutional investors.
In other news, President Howard W. Smith III sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 2nd. The shares were sold at an average price of $55.82, for a total transaction of $1,395,500.00. Following the completion of the sale, the president now owns 662,138 shares of the company’s stock, valued at $36,960,543.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard M. Lucas sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The stock was sold at an average price of $57.60, for a total transaction of $1,152,000.00. Following the sale, the executive vice president now directly owns 118,374 shares of the company’s stock, valued at approximately $6,818,342.40. The disclosure for this sale can be found here. Insiders have sold 152,128 shares of company stock valued at $8,527,956 in the last three months. Corporate insiders own 11.23% of the company’s stock.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.06). Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The firm had revenue of $178.20 million during the quarter, compared to analyst estimates of $182.79 million. During the same period last year, the business earned $1.08 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, August 16th. Walker & Dunlop’s payout ratio is currently 21.01%.
WD has been the subject of several recent research reports. Compass Point reaffirmed a “buy” rating and issued a $63.00 price objective on shares of Walker & Dunlop in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, Wedbush increased their price objective on shares of Walker & Dunlop from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Walker & Dunlop currently has a consensus rating of “Hold” and a consensus price target of $63.00.
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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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