Shares of Walter Investment Management Corp (NYSE:WAC) shot up 23.3% on Tuesday . The company traded as high as $0.95 and last traded at $0.90. 2,052,600 shares traded hands during trading, an increase of 168% from the average session volume of 767,031 shares. The stock had previously closed at $0.73.

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

Several institutional investors have recently modified their holdings of WAC. Schwab Charles Investment Management Inc. grew its stake in shares of Walter Investment Management by 3.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 438,585 shares of the financial services provider’s stock worth $474,000 after purchasing an additional 15,156 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Walter Investment Management in the second quarter worth $252,000. Virtu KCG Holdings LLC grew its stake in shares of Walter Investment Management by 624.6% in the second quarter. Virtu KCG Holdings LLC now owns 237,678 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 204,878 shares during the last quarter. CQS Cayman LP bought a new stake in shares of Walter Investment Management in the second quarter worth $189,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Walter Investment Management by 1,383.6% in the second quarter. Goldman Sachs Group Inc. now owns 241,879 shares of the financial services provider’s stock worth $229,000 after purchasing an additional 225,576 shares during the last quarter. 39.56% of the stock is currently owned by institutional investors.

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Walter Investment Management Company Profile

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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