Kestrel Investment Management Corp cut its position in Walker & Dunlop, Inc. (NYSE:WD) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,725 shares of the financial services provider’s stock after selling 11,300 shares during the period. Walker & Dunlop makes up about 3.2% of Kestrel Investment Management Corp’s investment portfolio, making the stock its 8th largest position. Kestrel Investment Management Corp owned about 0.60% of Walker & Dunlop worth $8,776,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. raised its stake in Walker & Dunlop by 21,018.7% in the first quarter. BlackRock Inc. now owns 4,186,367 shares of the financial services provider’s stock worth $174,530,000 after buying an additional 4,166,544 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Walker & Dunlop by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,813,428 shares of the financial services provider’s stock worth $75,602,000 after buying an additional 43,548 shares during the last quarter. Victory Capital Management Inc. raised its stake in Walker & Dunlop by 18.7% in the first quarter. Victory Capital Management Inc. now owns 819,911 shares of the financial services provider’s stock worth $34,182,000 after buying an additional 129,027 shares during the last quarter. State Street Corp raised its stake in Walker & Dunlop by 7.2% in the first quarter. State Street Corp now owns 645,189 shares of the financial services provider’s stock worth $26,899,000 after buying an additional 43,319 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Walker & Dunlop by 12.2% in the first quarter. Teachers Advisors LLC now owns 454,496 shares of the financial services provider’s stock worth $18,948,000 after buying an additional 49,415 shares during the last quarter. Hedge funds and other institutional investors own 77.21% of the company’s stock.

Shares of Walker & Dunlop, Inc. (NYSE:WD) traded down 0.06% during mid-day trading on Friday, reaching $48.16. 11,697 shares of the company were exchanged. The stock has a market capitalization of $1.50 billion, a P/E ratio of 10.65 and a beta of 1.39. The stock has a 50 day moving average price of $48.60 and a 200-day moving average price of $46.02. Walker & Dunlop, Inc. has a 12 month low of $23.61 and a 12 month high of $53.43.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.02. The company had revenue of $166.40 million for the quarter, compared to analysts’ expectations of $167.51 million. Walker & Dunlop had a net margin of 21.91% and a return on equity of 22.86%. Walker & Dunlop’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. Analysts predict that Walker & Dunlop, Inc. will post $4.50 earnings per share for the current year.

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WD has been the topic of a number of research reports. BidaskClub lowered shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded shares of Walker & Dunlop from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research note on Saturday, May 6th. ValuEngine upgraded shares of Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. JMP Securities upgraded shares of Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $49.00 price objective on shares of Walker & Dunlop and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Walker & Dunlop currently has a consensus rating of “Buy” and a consensus price target of $47.00.

In other news, Director Dana L. Schmaltz acquired 2,000 shares of the company’s stock in a transaction on Wednesday, August 9th. The shares were bought at an average cost of $47.85 per share, with a total value of $95,700.00. Following the purchase, the director now owns 44,983 shares of the company’s stock, valued at approximately $2,152,436.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Dana L. Schmaltz acquired 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $46.05 per share, for a total transaction of $46,050.00. Following the completion of the purchase, the director now directly owns 46,983 shares in the company, valued at approximately $2,163,567.15. The disclosure for this purchase can be found here. Insiders own 11.70% of the company’s stock.

Walker & Dunlop Company Profile

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.

Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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