Walter Investment Management Corp. (NYSE:WAC)’s share price was up 0.4% on Monday . The stock traded as high as $0.63 and last traded at $0.59. Approximately 320,616 shares traded hands during trading, a decline of 52% from the average daily volume of 669,595 shares. The stock had previously closed at $0.59.

Separately, Zacks Investment Research downgraded shares of Walter Investment Management Corp. from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

The stock’s market cap is $21.56 million. The stock has a 50 day moving average of $0.50 and a 200 day moving average of $0.87.

A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC boosted its holdings in Walter Investment Management Corp. by 8.5% in the 4th quarter. Teachers Advisors LLC now owns 49,329 shares of the financial services provider’s stock worth $234,000 after buying an additional 3,878 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Walter Investment Management Corp. by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 142,001 shares of the financial services provider’s stock worth $153,000 after buying an additional 8,112 shares in the last quarter. California Public Employees Retirement System increased its stake in Walter Investment Management Corp. by 1.8% during the 1st quarter. California Public Employees Retirement System now owns 613,800 shares of the financial services provider’s stock worth $663,000 after buying an additional 10,800 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Walter Investment Management Corp. by 3.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 438,585 shares of the financial services provider’s stock worth $474,000 after buying an additional 15,156 shares in the last quarter. Finally, CQS Cayman LP purchased a new stake in Walter Investment Management Corp. during the 2nd quarter worth approximately $189,000. 56.50% of the stock is currently owned by hedge funds and other institutional investors.

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Walter Investment Management Corp. 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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