Bank of New York Mellon Corp raised its position in Walter Investment Management Corp. (NYSE:WAC) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 142,001 shares of the financial services provider’s stock after buying an additional 8,112 shares during the period. Bank of New York Mellon Corp’s holdings in Walter Investment Management Corp. were worth $153,000 as of its most recent SEC filing.

Separately, Teachers Advisors LLC increased its stake in Walter Investment Management Corp. by 8.5% in the fourth quarter. Teachers Advisors LLC now owns 49,329 shares of the financial services provider’s stock worth $234,000 after buying an additional 3,878 shares during the last quarter. Institutional investors and hedge funds own 63.70% of the company’s stock.

Walter Investment Management Corp. (NYSE WAC) traded up 5.5398% during midday trading on Friday, reaching $0.4096. The company’s stock had a trading volume of 19,496 shares. The firm’s market cap is $14.97 million. Walter Investment Management Corp. has a one year low of $0.38 and a one year high of $8.11. The firm has a 50 day moving average price of $0.75 and a 200 day moving average price of $1.64.

Walter Investment Management Corp. (NYSE:WAC) last released its quarterly earnings data on Wednesday, May 10th. The financial services provider reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.98) by $0.28. Walter Investment Management Corp. had a negative net margin of 18.10% and a negative return on equity of 29.52%. The business had revenue of $245.29 million during the quarter, compared to the consensus estimate of $245.60 million. During the same quarter in the prior year, the firm earned ($0.50) EPS. The business’s revenue was up 267.4% on a year-over-year basis. Equities research analysts forecast that Walter Investment Management Corp. will post ($2.37) EPS for the current fiscal year.

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WAC has been the topic of a number of research reports. Zacks Investment Research upgraded Walter Investment Management Corp. from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research report on Wednesday, May 17th. Wells Fargo & Company upgraded Walter Investment Management Corp. from an “underperform” rating to a “market perform” rating and set a $1.25 price target on the stock in a research report on Wednesday, May 10th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $1.00 price target on shares of Walter Investment Management Corp. in a research report on Wednesday, April 19th.

About Walter Investment Management Corp.

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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Institutional Ownership by Quarter for Walter Investment Management Corp. (NYSE:WAC)

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