Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC reduced its position in Walker & Dunlop, Inc. (NYSE:WD) by 72.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,890 shares of the financial services provider’s stock after selling 32,036 shares during the quarter. Squarepoint Ops LLC’s holdings in Walker & Dunlop were worth $1,168,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Impactive Capital LP increased its position in shares of Walker & Dunlop by 242.0% during the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock worth $104,505,000 after acquiring an additional 731,714 shares during the period. Victory Capital Management Inc. increased its holdings in Walker & Dunlop by 13.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock worth $104,438,000 after purchasing an additional 129,289 shares during the period. GPM Growth Investors Inc. acquired a new stake in Walker & Dunlop in the 2nd quarter valued at about $4,595,000. Castleark Management LLC acquired a new stake in Walker & Dunlop in the 1st quarter valued at about $4,297,000. Finally, First Trust Advisors LP boosted its stake in shares of Walker & Dunlop by 15.9% in the 4th quarter. First Trust Advisors LP now owns 266,537 shares of the financial services provider’s stock valued at $29,588,000 after buying an additional 36,639 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, COO Stephen P. Theobald sold 13,870 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $106.10, for a total value of $1,471,607.00. Following the completion of the sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.47% of the company’s stock.

Walker & Dunlop Stock Down 0.6 %

Shares of WD opened at $110.83 on Friday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 40.45 and a beta of 1.55. Walker & Dunlop, Inc. has a 52-week low of $62.51 and a 52-week high of $116.26. The stock has a 50 day moving average price of $106.38 and a 200 day moving average price of $100.04.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $274.50 million. During the same quarter in the prior year, the business posted $0.98 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, equities analysts anticipate that Walker & Dunlop, Inc. will post 5.32 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Thursday, August 22nd were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is currently 94.89%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WD shares. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Keefe, Bruyette & Woods increased their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Wedbush lifted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

Walker & Dunlop Profile

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.