Insider Selling: Walker & Dunlop, Inc. (WD) President Sells 25,000 Shares of Stock
Walker & Dunlop, Inc. (NYSE:WD) President Howard W. Smith III sold 25,000 shares of Walker & Dunlop stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $54.28, for a total transaction of $1,357,000.00. Following the transaction, the president now owns 606,408 shares of the company’s stock, valued at $32,915,826.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of WD opened at $53.20 on Friday. The company has a market cap of $1.71 billion, a P/E ratio of 11.29 and a beta of 0.66. The company has a quick ratio of 6.99, a current ratio of 6.99 and a debt-to-equity ratio of 1.62. Walker & Dunlop, Inc. has a twelve month low of $42.66 and a twelve month high of $61.44.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.06). The firm had revenue of $178.20 million for the quarter, compared to the consensus estimate of $182.79 million. Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. Walker & Dunlop’s revenue was up 7.1% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in Walker & Dunlop in the 2nd quarter worth approximately $129,000. NorthCoast Asset Management LLC bought a new stake in Walker & Dunlop in the 2nd quarter worth approximately $1,630,000. California Public Employees Retirement System grew its position in Walker & Dunlop by 56.7% in the 2nd quarter. California Public Employees Retirement System now owns 14,588 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 5,278 shares during the period. Phocas Financial Corp. grew its position in Walker & Dunlop by 45.0% in the 2nd quarter. Phocas Financial Corp. now owns 86,977 shares of the financial services provider’s stock worth $4,840,000 after purchasing an additional 26,977 shares during the period. Finally, Millennium Management LLC grew its position in Walker & Dunlop by 136.7% in the 2nd quarter. Millennium Management LLC now owns 20,699 shares of the financial services provider’s stock worth $1,152,000 after purchasing an additional 11,954 shares during the period. 81.41% of the stock is owned by institutional investors.
WD has been the subject of several analyst reports. ValuEngine downgraded shares of Walker & Dunlop from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Compass Point reissued a “buy” rating and set a $63.00 price target on shares of Walker & Dunlop in a research report on Wednesday, August 1st. Finally, Wedbush raised their price target on shares of Walker & Dunlop from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, June 18th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $63.00.
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 loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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