Walter Investment Management Corp. (NYSE:WAC) shares traded down 3.6% on Thursday . The stock traded as low as $2.94 and last traded at $2.95, with a volume of 72,133 shares traded. The stock had previously closed at $3.06.

Several research analysts recently weighed in on the company. Compass Point lowered their price objective on Walter Investment Management Corp. from $6.00 to $2.50 and set a “sell” rating for the company in a research report on Wednesday, May 4th. Zacks Investment Research upgraded Walter Investment Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Finally, FBR & Co decreased their price target on 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. Three research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.90.

The stock’s 50 day moving average is $3.37 and its 200 day moving average is $6.78. The company’s market cap is $104.36 million.

Walter Investment Management Corp. (NYSE:WAC) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.78. The company earned $66.77 million during the quarter, compared to analysts’ expectations of $305.95 million. Walter Investment Management Corp.’s revenue was down 78.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.02 EPS. On average, equities analysts anticipate that Walter Investment Management Corp. will post ($0.43) EPS for the current year.

In related news, Director Alvaro G. Demolina acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was purchased at an average cost of $4.65 per share, for a total transaction of $116,250.00. Following the transaction, the director now directly owns 40,392 shares of the company’s stock, valued at approximately $187,822.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David C. Schneider acquired 21,505 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The shares were bought at an average price of $4.63 per share, with a total value of $99,568.15. Following the completion of the transaction, the chief operating officer now directly owns 26,339 shares in the company, valued at $121,949.57. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Walter Investment Management Corp. stock. Bank of Montreal Can increased its stake in 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 institutional investor owned 77,247 shares of the company’s stock after buying an additional 347 shares during the period. Bank of Montreal Can owned about 0.20% of Walter Investment Management Corp. worth $1,099,000 as of its most recent filing with the SEC.

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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