Walter Investment Management Corp. (NYSE:WAC) dropped 5.7% during trading on Tuesday . The company traded as low as $0.31 and last traded at $0.33. Approximately 636,469 shares were traded during mid-day trading, a decline of 7% from the average daily volume of 682,010 shares. The stock had previously closed at $0.35.

The company has a debt-to-equity ratio of -57.71, a quick ratio of 12.88 and a current ratio of 12.88.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WAC. Bank of New York Mellon Corp raised its position in Walter Investment Management Corp. by 6.1% in the 1st quarter. Bank of New York Mellon Corp now owns 142,001 shares of the financial services provider’s stock valued at $153,000 after buying an additional 8,112 shares during the last quarter. California Public Employees Retirement System raised its position in Walter Investment Management Corp. by 1.8% in the 1st quarter. California Public Employees Retirement System now owns 613,800 shares of the financial services provider’s stock valued at $663,000 after buying an additional 10,800 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in Walter Investment Management Corp. by 3.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 438,585 shares of the financial services provider’s stock valued at $474,000 after buying an additional 15,156 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Walter Investment Management Corp. in the 2nd quarter valued at $252,000. Finally, Virtu KCG Holdings LLC raised its position in Walter Investment Management Corp. by 624.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 237,678 shares of the financial services provider’s stock valued at $225,000 after buying an additional 204,878 shares during the last quarter. 53.00% of the stock is owned by institutional investors and hedge funds.

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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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