Walker & Dunlop, Inc. (WD) EVP Richard C. Warner Sells 1,000 Shares
Walker & Dunlop, Inc. (NYSE:WD) EVP Richard C. Warner sold 1,000 shares of the business’s stock in a transaction dated Wednesday, January 10th. The stock was sold at an average price of $46.54, for a total value of $46,540.00. Following the transaction, the executive vice president now owns 76,185 shares of the company’s stock, valued at $3,545,649.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Walker & Dunlop, Inc. (NYSE:WD) opened at $46.37 on Friday. The company has a debt-to-equity ratio of 4.84, a quick ratio of 12.88 and a current ratio of 12.88. Walker & Dunlop, Inc. has a 52 week low of $30.08 and a 52 week high of $56.46. The stock has a market capitalization of $1,440.48, a PE ratio of 9.97 and a beta of 1.37.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.09. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The firm had revenue of $179.70 million during the quarter, compared to analyst estimates of $166.38 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue was up 16.1% compared to the same quarter last year. sell-side analysts forecast that Walker & Dunlop, Inc. will post 4.49 EPS for the current year.
A number of hedge funds have recently modified their holdings of WD. SG Americas Securities LLC bought a new stake in Walker & Dunlop during the third quarter worth about $123,000. Riverhead Capital Management LLC lifted 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 purchasing an additional 1,098 shares during the last quarter. Flinton Capital Management LLC lifted its stake in shares of Walker & Dunlop by 69.4% in the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 1,462 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Walker & Dunlop by 108.9% in the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 2,039 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Walker & Dunlop by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 1,019 shares during the last quarter. 77.47% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on WD shares. ValuEngine lowered Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. TheStreet lowered Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $49.00 price target on shares of Walker & Dunlop in a research note on Thursday, October 12th. Finally, Zacks Investment Research raised Walker & Dunlop from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $55.50.
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About Walker & Dunlop
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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