Walker & Dunlop, Inc. (NYSE:WD) Director Michael D. Malone purchased 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were acquired at an average cost of $49.75 per share, with a total value of $497,500.00. Following the completion of the purchase, the director now directly owns 21,519 shares in the company, valued at $1,070,570.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Walker & Dunlop, Inc. (NYSE:WD) opened at $48.10 on Monday. The firm has a market cap of $1,494.20, a P/E ratio of 10.13 and a beta of 1.08. Walker & Dunlop, Inc. has a 52 week low of $36.96 and a 52 week high of $56.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 12.88 and a current ratio of 5.26.
Walker & Dunlop (NYSE:WD) last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The business had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $181.14 million. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. equities research analysts predict that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Friday, February 23rd will be paid a $0.25 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.00 annualized dividend and a dividend yield of 2.08%.
Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in shares of Walker & Dunlop in the third quarter valued at $123,000. Flinton Capital Management LLC grew its stake in shares of Walker & Dunlop by 69.4% in the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after buying an additional 1,462 shares in the last quarter. Meeder Asset Management Inc. grew its stake in shares of Walker & Dunlop by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,019 shares in the last quarter. Advisor Group Inc. grew its stake in shares of Walker & Dunlop by 108.9% in the second quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock valued at $191,000 after buying an additional 2,039 shares in the last quarter. Finally, LS Investment Advisors LLC grew its stake in shares of Walker & Dunlop by 29.0% in the third quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock valued at $214,000 after buying an additional 919 shares in the last quarter. 78.61% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Walker & Dunlop in a research note on Wednesday, February 7th. Zacks Investment Research cut shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, TheStreet cut shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a research note on Monday, December 4th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $55.50.
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About Walker & Dunlop
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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