An issue of Walter Investment Management Corp. (NYSE:WAC) debt rose 2% as a percentage of its face value during trading on Friday. The debt issue has a 7.875% coupon and is set to mature on December 15, 2021. The bonds in the issue are now trading at $77.50 and were trading at $68.75 one week ago. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.

Several analysts have recently commented on WAC shares. Barclays PLC dropped their price objective on shares of Walter Investment Management Corp. from $5.00 to $2.00 and set an “underweight” rating on the stock in a report on Wednesday, August 10th. Wunderlich raised shares of Walter Investment Management Corp. from a “hold” rating to a “buy” rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Walter Investment Management Corp. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $5.30.

Walter Investment Management Corp. (NYSE:WAC) traded up 2.13% during trading on Friday, reaching $4.80. 284,076 shares of the company’s stock traded hands. The stock’s market cap is $173.49 million. The firm’s 50 day moving average price is $3.73 and its 200-day moving average price is $4.35. Walter Investment Management Corp. has a one year low of $2.24 and a one year high of $16.44.

Walter Investment Management Corp. (NYSE:WAC) last released its quarterly earnings data on Tuesday, August 9th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.04. Walter Investment Management Corp. had a negative net margin of 74.41% and a negative return on equity of 4.60%. The company had revenue of $187.50 million for the quarter, compared to analysts’ expectations of $284.14 million. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was down 54.5% on a year-over-year basis. On average, equities analysts anticipate that Walter Investment Management Corp. will post ($0.46) earnings per share for the current fiscal year.

In other Walter Investment Management Corp. news, SVP Stuart Douglass Boyd sold 8,780 shares of the firm’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $3.13, for a total transaction of $27,481.40. Following the sale, the senior vice president now owns 30,569 shares of the company’s stock, valued at $95,680.97. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 50.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Southernsun Asset Management LLC boosted its position in shares of Walter Investment Management Corp. by 16.2% in the first quarter. Southernsun Asset Management LLC now owns 2,491,733 shares of the company’s stock worth $19,037,000 after buying an additional 348,082 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of Walter Investment Management Corp. by 4.1% in the second quarter. California Public Employees Retirement System now owns 421,700 shares of the company’s stock worth $1,164,000 after buying an additional 16,800 shares during the last quarter. Telemus Capital LLC boosted its position in shares of Walter Investment Management Corp. by 100.7% in the second quarter. Telemus Capital LLC now owns 381,722 shares of the company’s stock worth $1,054,000 after buying an additional 191,538 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Walter Investment Management Corp. by 0.9% in the first quarter. Geode Capital Management LLC now owns 234,077 shares of the company’s stock worth $1,788,000 after buying an additional 1,997 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Walter Investment Management Corp. by 1.2% in the second quarter. Public Employees Retirement System of Ohio now owns 196,062 shares of the company’s stock worth $541,000 after buying an additional 2,393 shares during the last quarter. 97.74% of the stock is currently owned by institutional investors and hedge funds.

About Walter Investment Management Corp.

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

5 Day Chart for NYSE:WAC

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