Walker & Dunlop Inc. (WD) CEO Sells $80,984.40 in Stock
Walker & Dunlop Inc. (NYSE:WD) CEO William M. Walker sold 3,110 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $26.04, for a total value of $80,984.40. Following the completion of the sale, the chief executive officer now owns 1,447,468 shares of the company’s stock, valued at $37,692,066.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Walker & Dunlop Inc. (NYSE:WD) opened at 24.65 on Friday. The firm has a market cap of $759.49 million, a PE ratio of 8.56 and a beta of 1.05. The stock’s 50 day moving average price is $25.89 and its 200-day moving average price is $24.40. Walker & Dunlop Inc. has a 12-month low of $19.50 and a 12-month high of $33.17.
Walker & Dunlop (NYSE:WD) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $1.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.36. The company earned $147.90 million during the quarter, compared to the consensus estimate of $114.53 million. Walker & Dunlop had a return on equity of 17.60% and a net margin of 18.20%. Walker & Dunlop’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the business posted $0.67 earnings per share. Equities research analysts anticipate that Walker & Dunlop Inc. will post $2.90 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of WD. Acrospire Investment Management LLC purchased a new stake in Walker & Dunlop during the second quarter worth about $101,000. Mason Street Advisors LLC purchased a new stake in Walker & Dunlop during the second quarter worth about $121,000. BlackRock Inc. increased its stake in Walker & Dunlop by 340.9% in the second quarter. BlackRock Inc. now owns 7,949 shares of the company’s stock worth $180,000 after buying an additional 6,146 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in Walker & Dunlop by 117.6% in the second quarter. BNP Paribas Arbitrage SA now owns 8,702 shares of the company’s stock worth $198,000 after buying an additional 4,703 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in Walker & Dunlop during the second quarter worth about $212,000. 78.04% of the stock is owned by institutional investors.
Several research firms recently issued reports on WD. Zacks Investment Research downgraded Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Wedbush initiated coverage on Walker & Dunlop in a research report on Wednesday. They set a “neutral” rating and a $26.75 target price for the company. Keefe, Bruyette & Woods upped their target price on Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a research report on Thursday, August 4th. Finally, JMP Securities upped their target price on Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.15.
About Walker & Dunlop
Walker & Dunlop, Inc is a holding company, which conducts all of its operations through Walker & Dunlop, LLC. The Company is a provider of commercial real estate financial services in the United States, with a primary focus on multifamily lending. It 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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