Walker & Dunlop, Inc. (NYSE:WD) EVP Richard M. Lucas sold 20,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $46.85, for a total value of $937,000.00. Following the sale, the executive vice president now owns 150,918 shares in the company, valued at approximately $7,070,508.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Walker & Dunlop, Inc. (WD) traded down $0.19 during midday trading on Tuesday, reaching $47.63. The company had a trading volume of 347,011 shares, compared to its average volume of 241,868. The stock has a market capitalization of $1,480.00, a price-to-earnings ratio of 10.31 and a beta of 1.37. Walker & Dunlop, Inc. has a 52-week low of $29.93 and a 52-week high of $56.46. The company has a current ratio of 12.88, a quick ratio of 12.88 and a debt-to-equity ratio of 4.84.
Walker & Dunlop (NYSE:WD) last issued its earnings results on Wednesday, November 8th. The financial services provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.09. The firm had revenue of $179.70 million for the quarter, compared to analyst estimates of $166.38 million. Walker & Dunlop had a return on equity of 22.35% and a net margin of 21.81%. Walker & Dunlop’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.96 earnings per share. sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.49 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Walker & Dunlop in the third quarter valued at approximately $123,000. Riverhead Capital Management LLC boosted its position in Walker & Dunlop by 68.6% in the second quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock valued at $132,000 after buying an additional 1,098 shares during the last quarter. Flinton Capital Management LLC boosted its position in Walker & Dunlop by 69.4% in the second 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 during the last quarter. Advisor Group Inc. boosted its position in Walker & Dunlop by 108.9% in the second 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 during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Walker & Dunlop by 38.8% in the third 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 during the last quarter. Hedge funds and other institutional investors own 77.47% of the company’s stock.
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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