Victory Capital Management Inc. Acquires 115,416 Shares of Walker & Dunlop, Inc. (WD)
Victory Capital Management Inc. grew its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 23.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 600,562 shares of the financial services provider’s stock after purchasing an additional 115,416 shares during the period. Victory Capital Management Inc.’s holdings in Walker & Dunlop were worth $28,526,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in WD. SG Americas Securities LLC purchased a new position in shares of Walker & Dunlop during the third quarter valued at approximately $123,000. Flinton Capital Management LLC lifted its holdings in shares of Walker & Dunlop by 69.4% during the second quarter. Flinton Capital Management LLC now owns 3,570 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 1,462 shares during the last quarter. Advisor Group Inc. lifted its holdings in shares of Walker & Dunlop by 108.9% during the second quarter. Advisor Group Inc. now owns 3,912 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 2,039 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Walker & Dunlop by 38.8% during the third quarter. Meeder Asset Management Inc. now owns 3,648 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,019 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in shares of Walker & Dunlop by 29.0% during the third quarter. LS Investment Advisors LLC now owns 4,084 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 919 shares during the last quarter. Hedge funds and other institutional investors own 77.70% of the company’s stock.
In related news, CEO William M. Walker sold 38,663 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $47.74, for a total value of $1,845,771.62. Following the completion of the transaction, the chief executive officer now directly owns 1,435,666 shares in the company, valued at approximately $68,538,694.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the completion of the transaction, the president now owns 828,176 shares of the company’s stock, valued at $41,417,081.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 218,190 shares of company stock valued at $10,519,272. 11.70% of the stock is owned by company insiders.
Walker & Dunlop, Inc. (NYSE:WD) opened at $48.10 on Friday. Walker & Dunlop, Inc. has a 1-year low of $36.96 and a 1-year high of $56.46. The stock has a market cap of $1,500.00, a P/E ratio of 7.33 and a beta of 1.08. The company has a current ratio of 5.26, a quick ratio of 12.88 and a debt-to-equity ratio of 1.35.
Walker & Dunlop (NYSE:WD) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.26. Walker & Dunlop had a net margin of 29.66% and a return on equity of 21.33%. The company had revenue of $207.20 million during the quarter, compared to analyst estimates of $181.14 million. During the same period in the previous year, the business earned $1.16 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. sell-side analysts predict that Walker & Dunlop, Inc. will post 4.32 EPS for the current fiscal year.
Walker & Dunlop declared that its Board of Directors has authorized a share repurchase program on Wednesday, February 7th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 7th. Investors of record on Friday, February 23rd will be issued a $0.25 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%.
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Walker & Dunlop Profile
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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