Adams Diversified Equity Fund Inc. trimmed its position in Walker & Dunlop, Inc. (NYSE:WD) by 61.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,700 shares of the financial services provider’s stock after selling 9,100 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in Walker & Dunlop were worth $290,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in WD. Bank of New York Mellon Corp boosted its position in shares of Walker & Dunlop by 0.9% during the third quarter. Bank of New York Mellon Corp now owns 474,136 shares of the financial services provider’s stock valued at $25,072,000 after buying an additional 4,033 shares during the period. Martingale Asset Management L P boosted its position in shares of Walker & Dunlop by 13.0% during the third quarter. Martingale Asset Management L P now owns 71,235 shares of the financial services provider’s stock valued at $3,767,000 after buying an additional 8,204 shares during the period. Renaissance Technologies LLC boosted its position in shares of Walker & Dunlop by 1,231.1% during the third quarter. Renaissance Technologies LLC now owns 98,500 shares of the financial services provider’s stock valued at $5,209,000 after buying an additional 91,100 shares during the period. Man Group plc boosted its position in shares of Walker & Dunlop by 234.4% during the third quarter. Man Group plc now owns 77,257 shares of the financial services provider’s stock valued at $4,085,000 after buying an additional 54,152 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in shares of Walker & Dunlop by 56.1% in the third quarter. MetLife Investment Advisors LLC now owns 19,582 shares of the financial services provider’s stock valued at $1,035,000 after purchasing an additional 7,037 shares during the period. Institutional investors own 79.29% of the company’s stock.
WD has been the subject of a number of research reports. Zacks Investment Research upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st. ValuEngine upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. JMP Securities boosted their price target on Walker & Dunlop from $60.00 to $65.00 and gave the company a “market outperform” rating in a report on Thursday, February 21st. Finally, BTIG Research initiated coverage on Walker & Dunlop in a report on Wednesday, March 13th. They issued a “buy” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $64.00.
In related news, EVP Richard C. Warner sold 11,008 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $52.72, for a total value of $580,341.76. Following the completion of the transaction, the executive vice president now owns 78,200 shares of the company’s stock, valued at $4,122,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $55.18, for a total transaction of $1,379,500.00. Following the completion of the transaction, the president now directly owns 113,094 shares of the company’s stock, valued at approximately $6,240,526.92. The disclosure for this sale can be found here. Insiders sold 140,612 shares of company stock valued at $7,292,236 in the last quarter. 10.37% of the stock is owned by company insiders.
Shares of NYSE WD opened at $54.37 on Monday. The company has a quick ratio of 6.51, a current ratio of 6.51 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $1.67 billion, a P/E ratio of 10.79 and a beta of 0.93. Walker & Dunlop, Inc. has a 52-week low of $37.96 and a 52-week high of $60.67.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, February 6th. The financial services provider reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $214.93 million during the quarter, compared to analyst estimates of $204.20 million. Walker & Dunlop had a return on equity of 18.33% and a net margin of 22.24%. Walker & Dunlop’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Analysts anticipate that Walker & Dunlop, Inc. will post 5.4 EPS for the current year.
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Walker & Dunlop Company Profile
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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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