Walker & Dunlop, Inc. (NYSE:WD) CEO William M. Walker sold 11,775 shares of the company’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $52.03, for a total transaction of $612,653.25. Following the sale, the chief executive officer now directly owns 1,307,305 shares of the company’s stock, valued at approximately $68,019,079.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Walker & Dunlop, Inc. (NYSE WD) traded up $1.16 during trading on Wednesday, hitting $53.25. 231,855 shares of the stock were exchanged, compared to its average volume of 232,839. Walker & Dunlop, Inc. has a 12 month low of $39.38 and a 12 month high of $56.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 9.41 and a current ratio of 9.41. The company has a market cap of $1,601.90, a P/E ratio of 8.13 and a beta of 1.00.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.26. The company had revenue of $207.20 million during the quarter, compared to the consensus estimate of $181.14 million. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.16 EPS. equities analysts predict that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current year.
Walker & Dunlop declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
WD has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. TheStreet downgraded shares of Walker & Dunlop from a “b-” rating to a “c+” rating in a report on Monday, December 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price target on shares of Walker & Dunlop in a report on Friday, December 22nd. Finally, ValuEngine downgraded shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $55.50.
A number of large investors have recently modified their holdings of the stock. American International Group Inc. lifted its stake in Walker & Dunlop by 5.9% in the 3rd quarter. American International Group Inc. now owns 22,065 shares of the financial services provider’s stock valued at $1,155,000 after purchasing an additional 1,230 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in Walker & Dunlop by 13.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 11,380 shares of the financial services provider’s stock valued at $541,000 after purchasing an additional 1,370 shares during the last quarter. Swiss National Bank lifted its stake in Walker & Dunlop by 2.9% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the financial services provider’s stock valued at $2,380,000 after purchasing an additional 1,400 shares during the last quarter. Rhumbline Advisers lifted its stake in Walker & Dunlop by 2.8% in the 3rd quarter. Rhumbline Advisers now owns 56,286 shares of the financial services provider’s stock valued at $2,945,000 after purchasing an additional 1,555 shares during the last quarter. Finally, Comerica Bank lifted its stake in Walker & Dunlop by 2.4% in the 4th quarter. Comerica Bank now owns 68,292 shares of the financial services provider’s stock valued at $3,278,000 after purchasing an additional 1,596 shares during the last quarter. 81.14% of the stock is owned by institutional investors and hedge funds.
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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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