Walter Investment Management Corp. (NYSE:WAC) shares traded up 7.7% on Monday . The company traded as high as $3.35 and last traded at $3.35, with a volume of 173,826 shares changing hands. The stock had previously closed at $3.11.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of Walter Investment Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Compass Point cut their price target on shares of Walter Investment Management Corp. from $6.00 to $2.50 and set a “sell” rating on the stock in a research note on Wednesday, May 4th. FBR & Co cut their price target on shares of Walter Investment Management Corp. from $7.00 to $3.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 4th. Wunderlich raised shares of Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a research report on Friday, August 5th. Finally, Barclays PLC cut their price objective on shares of Walter Investment Management Corp. from $5.00 to $2.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $5.30.

The firm’s market cap is $129.03 million. The company has a 50 day moving average price of $3.02 and a 200 day moving average price of $5.11.

Walter Investment Management Corp. (NYSE:WAC) last released its earnings results on Tuesday, August 9th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. During the same period in the prior year, the company posted $0.65 EPS. The firm had revenue of $187.50 million for the quarter, compared to analyst estimates of $284.14 million. The business’s revenue for the quarter was down 54.5% compared to the same quarter last year. On average, equities research analysts forecast that Walter Investment Management Corp. will post ($0.46) EPS for the current year.

In other Walter Investment Management Corp. news, SVP Stuart Douglass Boyd sold 8,780 shares of the stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $3.13, for a total transaction of $27,481.40. Following the completion of the sale, the senior vice president now owns 30,569 shares of the company’s stock, valued at approximately $95,680.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

An institutional investor recently raised its position in Walter Investment Management Corp. stock. Bank of Montreal Can boosted its position in shares of Walter Investment Management Corp. (NYSE:WAC) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,247 shares of the company’s stock after buying an additional 347 shares during the period. Bank of Montreal Can owned approximately 0.20% of Walter Investment Management Corp. worth $1,099,000 at the end of the most recent quarter.

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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