Walker & Dunlop, Inc. (NYSE:WD) Director Michael D. Malone bought 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $49.75 per share, with a total value of $497,500.00. Following the transaction, the director now directly owns 21,519 shares in the company, valued at approximately $1,070,570.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Walker & Dunlop, Inc. (WD) opened at $48.91 on Tuesday. Walker & Dunlop, Inc. has a 52-week low of $36.96 and a 52-week high of $56.46. The company has a debt-to-equity ratio of 1.35, a quick ratio of 12.88 and a current ratio of 5.26. The firm has a market capitalization of $1,520.00, a P/E ratio of 7.46 and a beta of 1.08.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.26. Walker & Dunlop had a return on equity of 21.33% and a net margin of 29.66%. The company had revenue of $207.20 million during the quarter, compared to analyst estimates of $181.14 million. During the same quarter last year, the company earned $1.16 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. equities analysts forecast that Walker & Dunlop, Inc. will post 4.32 earnings per share for the current year.
Walker & Dunlop declared that its board has authorized a share buyback plan on Wednesday, February 7th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Friday, February 23rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Thursday, February 22nd.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Walker & Dunlop during the 3rd quarter valued at approximately $123,000. Flinton Capital Management LLC increased its position in Walker & Dunlop by 69.4% during the 2nd quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after buying an additional 1,462 shares in the last quarter. Meeder Asset Management Inc. increased its position in Walker & Dunlop by 38.8% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after buying an additional 1,019 shares in the last quarter. Advisor Group Inc. increased its position in Walker & Dunlop by 108.9% during the 2nd quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock valued at $191,000 after buying an additional 2,039 shares in the last quarter. Finally, LS Investment Advisors LLC increased its position in Walker & Dunlop by 29.0% during the 3rd quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock valued at $214,000 after buying an additional 919 shares in the last quarter. 78.61% of the stock is owned by institutional investors.
WD has been the subject of several research reports. Zacks Investment Research lowered Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. ValuEngine lowered Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. TheStreet lowered Walker & Dunlop from a “b-” rating to a “c+” rating in a research report on Monday, December 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $56.00 price objective on shares of Walker & Dunlop in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $55.50.
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About Walker & Dunlop
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.
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