Insider Selling: Walker & Dunlop, Inc. (WD) EVP Sells 20,000 Shares of Stock
Walker & Dunlop, Inc. (NYSE:WD) EVP Richard M. Lucas sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $48.21, for a total value of $964,200.00. Following the completion of the sale, the executive vice president now directly owns 163,068 shares of the company’s stock, valued at approximately $7,861,508.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Walker & Dunlop, Inc. (NYSE WD) traded down $0.21 during trading hours on Thursday, reaching $47.84. The company’s stock had a trading volume of 162,400 shares, compared to its average volume of 229,053. The company has a current ratio of 12.88, a quick ratio of 12.88 and a debt-to-equity ratio of 4.84. Walker & Dunlop, Inc. has a 52 week low of $29.93 and a 52 week high of $56.46. The company has a market cap of $1,492.65, a P/E ratio of 10.33 and a beta of 1.37.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.09. The business had revenue of $179.70 million for the quarter, compared to analysts’ expectations of $166.38 million. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. analysts anticipate that Walker & Dunlop, Inc. will post 4.49 earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in WD. SG Americas Securities LLC acquired a new stake in Walker & Dunlop in the 3rd quarter valued at approximately $123,000. Riverhead Capital Management LLC increased its position in Walker & Dunlop by 68.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 1,098 shares during the period. LS Investment Advisors LLC increased its position in Walker & Dunlop by 1.5% in the 2nd quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 47 shares during the period. Flinton Capital Management LLC increased its position in Walker & Dunlop by 69.4% in the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 1,462 shares during the period. Finally, Advisor Group Inc. boosted its stake in Walker & Dunlop by 108.9% during the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,039 shares in the last quarter. Institutional investors and hedge funds own 77.52% of the company’s stock.
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Walker & Dunlop Company Profile
Walker & Dunlop, Inc is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital.
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