Walker & Dunlop Inc. (WD) President Sells $806,318.24 in Stock
Walker & Dunlop Inc. (NYSE:WD) President Howard W. Smith III sold 28,756 shares of the business’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $28.04, for a total value of $806,318.24. Following the completion of the transaction, the president now owns 970,105 shares in the company, valued at approximately $27,201,744.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Walker & Dunlop Inc. (NYSE:WD) opened at 28.54 on Tuesday. Walker & Dunlop Inc. has a 52 week low of $19.50 and a 52 week high of $31.00. The firm has a market cap of $879.35 million, a PE ratio of 9.91 and a beta of 1.12. The firm’s 50-day moving average price is $25.23 and its 200 day moving average price is $24.79.
Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, November 2nd. The company reported $0.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.25. The firm had revenue of $154.80 million for the quarter, compared to the consensus estimate of $129.17 million. Walker & Dunlop had a net margin of 18.82% and a return on equity of 18.49%. The business’s quarterly revenue was up 28.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. Equities analysts anticipate that Walker & Dunlop Inc. will post $3.19 EPS for the current year.
Several research analysts recently commented on WD shares. Zacks Investment Research cut Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 6th. Wedbush initiated coverage on Walker & Dunlop in a research note on Wednesday, October 5th. They set a “neutral” rating and a $26.75 price objective on the stock. JMP Securities upped their price objective on Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a research note on Thursday, August 4th. Finally, Keefe, Bruyette & Woods upped their price objective on Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a research note on Thursday, August 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $28.75.
A number of institutional investors have recently bought and sold shares of WD. Emerald Advisers Inc. PA increased its stake in shares of Walker & Dunlop by 0.4% in the second quarter. Emerald Advisers Inc. PA now owns 840,653 shares of the company’s stock valued at $19,150,000 after buying an additional 3,290 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of Walker & Dunlop by 1.7% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 600,266 shares of the company’s stock valued at $13,674,000 after buying an additional 10,000 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Walker & Dunlop during the second quarter valued at about $1,215,000. Bank of Montreal Can acquired a new stake in shares of Walker & Dunlop during the second quarter valued at about $2,101,000. Finally, Old Mutual Global Investors UK Ltd. increased its stake in shares of Walker & Dunlop by 70.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 28,024 shares of the company’s stock valued at $638,000 after buying an additional 11,540 shares in the last quarter. 76.92% of the stock is currently owned by hedge funds and other institutional investors.
Walker & Dunlop Company Profile
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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