First Trust Advisors LP reduced its stake in shares of Walker & Dunlop Inc. (NYSE:WD) by 36.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,037 shares of the company’s stock after selling 29,869 shares during the period. First Trust Advisors LP owned approximately 0.17% of Walker & Dunlop worth $1,163,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of the stock. Emerald Advisers Inc. PA increased its position 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 worth $19,150,000 after buying an additional 3,290 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in 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 during the period. Prudential Financial Inc. increased its position in Walker & Dunlop by 2.4% in the first quarter. Prudential Financial Inc. now owns 514,452 shares of the company’s stock valued at $12,485,000 after buying an additional 11,831 shares during the period. Bank of New York Mellon Corp increased its position in Walker & Dunlop by 9.0% in the second quarter. Bank of New York Mellon Corp now owns 504,657 shares of the company’s stock valued at $11,497,000 after buying an additional 41,661 shares during the period. Finally, Shufro Rose & Co. LLC increased its position in Walker & Dunlop by 2.7% in the first quarter. Shufro Rose & Co. LLC now owns 449,716 shares of the company’s stock valued at $10,915,000 after buying an additional 11,716 shares during the period. 78.04% of the stock is currently owned by institutional investors.
Walker & Dunlop Inc. (NYSE:WD) traded up 0.28% during mid-day trading on Monday, hitting $25.33. 37,864 shares of the stock traded hands. The firm’s 50-day moving average is $26.07 and its 200-day moving average is $24.35. Walker & Dunlop Inc. has a 12-month low of $19.50 and a 12-month high of $33.17. The company has a market cap of $780.44 million, a price-to-earnings ratio of 8.79 and a beta of 1.05.
Walker & Dunlop (NYSE:WD) last issued its earnings results on Wednesday, August 3rd. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.36. The business had revenue of $147.90 million for the quarter, compared to the consensus estimate of $114.53 million. Walker & Dunlop had a net margin of 18.20% and a return on equity of 17.60%. The business’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.67 earnings per share. Equities research analysts expect that Walker & Dunlop Inc. will post $3.01 EPS for the current year.
WD has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Walker & Dunlop from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Friday, June 10th. JMP Securities increased their price objective on shares of Walker & Dunlop from $27.00 to $30.00 and gave the company a “market outperform” rating in a report on Thursday, August 4th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Walker & Dunlop from $23.00 to $26.00 and gave the company a “market perform” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $29.75.
In related news, Director Dana L. Schmaltz acquired 1,500 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The shares were purchased at an average price of $26.17 per share, with a total value of $39,255.00. Following the completion of the acquisition, the director now owns 40,333 shares in the company, valued at $1,055,514.61. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William M. Walker sold 53,170 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $26.71, for a total transaction of $1,420,170.70. Following the sale, the chief executive officer now directly owns 1,493,462 shares in the company, valued at approximately $39,890,370.02. The disclosure for this sale can be found here. 11.60% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding WD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Walker & Dunlop Inc. (NYSE:WD).
Receive News & Ratings for Walker & Dunlop Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Walker & Dunlop Inc. and related companies with MarketBeat.com's FREE daily email newsletter.