Walker & Dunlop, Inc. (NYSE:WD) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 98,294 shares of the financial services provider's stock after selling 5,473 shares during the period. Rhumbline Advisers owned 0.29% of Walker & Dunlop worth $9,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in shares of Walker & Dunlop in the first quarter worth $34,000. Benjamin F. Edwards & Company Inc. raised its stake in Walker & Dunlop by 163.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 398 shares of the financial services provider's stock worth $40,000 after acquiring an additional 247 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Walker & Dunlop during the 1st quarter worth about $57,000. LRI Investments LLC purchased a new stake in Walker & Dunlop during the 1st quarter valued at about $98,000. Finally, Crewe Advisors LLC acquired a new position in shares of Walker & Dunlop in the first quarter valued at about $141,000. Institutional investors own 80.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WD. Wedbush increased their price target on shares of Walker & Dunlop from $95.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, August 9th. StockNews.com upgraded shares of Walker & Dunlop from a "sell" rating to a "hold" rating in a research report on Sunday, August 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the stock a "market perform" rating in a report on Thursday, July 25th.

Walker & Dunlop Stock Performance

Shares of NYSE WD traded up $1.44 during trading on Thursday, reaching $104.13. The stock had a trading volume of 98,293 shares, compared to its average volume of 206,685. The business's 50-day moving average price is $103.55 and its 200-day moving average price is $97.91. Walker & Dunlop, Inc. has a fifty-two week low of $62.51 and a fifty-two week high of $113.67. The company has a market cap of $3.51 billion, a P/E ratio of 37.98 and a beta of 1.55.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. The company had revenue of $270.70 million for the quarter, compared to the consensus estimate of $274.50 million. Walker & Dunlop had a return on equity of 9.65% and a net margin of 8.41%. Walker & Dunlop's revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 EPS. Analysts forecast that Walker & Dunlop, Inc. will post 5.27 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, August 22nd. This represents a $2.60 dividend on an annualized basis and a yield of 2.50%. Walker & Dunlop's payout ratio is currently 94.89%.

Insider Buying and Selling at Walker & Dunlop

In related 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 transaction of $1,471,607.00. Following the transaction, the chief operating officer now owns 53,869 shares in the company, valued at approximately $5,715,500.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.47% of the stock is currently owned by insiders.

Walker & Dunlop Company 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.