GAMMA Investing LLC Buys 257 Shares of Walker & Dunlop, Inc. (NYSE:WD)

GAMMA Investing LLC grew its stake in Walker & Dunlop, Inc. (NYSE:WD) by 64.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654 shares of the financial services provider’s stock after acquiring an additional 257 shares during the quarter. GAMMA Investing LLC’s holdings in Walker & Dunlop were worth $74,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. National Bank of Canada FI raised its stake in Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after buying an additional 185 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Walker & Dunlop in the first quarter worth about $34,000. Benjamin F. Edwards & Company Inc. raised its position in shares of Walker & Dunlop by 163.6% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 247 shares during the period. EntryPoint Capital LLC bought a new position in shares of Walker & Dunlop during the 1st quarter valued at about $57,000. Finally, Asset Dedication LLC acquired a new position in shares of Walker & Dunlop in the 2nd quarter valued at approximately $94,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Stock Up 1.9 %

Shares of WD opened at $113.89 on Wednesday. Walker & Dunlop, Inc. has a twelve month low of $62.51 and a twelve month high of $116.26. The stock has a market capitalization of $3.84 billion, a P/E ratio of 41.57 and a beta of 1.55. The company has a 50 day moving average of $107.36 and a 200-day moving average of $100.76.

Walker & Dunlop (NYSE:WD) last released its earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $274.50 million. During the same quarter last year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, sell-side analysts anticipate that Walker & Dunlop, Inc. will post 5.32 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Thursday, August 22nd were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is currently 94.89%.

Wall Street Analysts Forecast Growth

WD has been the topic of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Wedbush boosted their price objective on shares of Walker & Dunlop from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. StockNews.com upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Wolfe Research upgraded Walker & Dunlop to a “strong-buy” rating in a report on Tuesday, September 24th.

Insider Buying and Selling

In other Walker & Dunlop news, COO Stephen P. Theobald sold 13,870 shares of the firm’s 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 transaction, the chief operating officer now directly owns 53,869 shares in the company, valued at $5,715,500.90. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.47% of the stock is currently owned by corporate insiders.

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.