Insider Buying: Walker & Dunlop, Inc. (WD) Director Buys 10,000 Shares of Stock
Walker & Dunlop, Inc. (NYSE:WD) Director Michael D. Malone bought 10,000 shares of Walker & Dunlop stock in a transaction on Friday, February 9th. The shares were purchased at an average cost of $49.75 per share, with a total value of $497,500.00. Following the acquisition, the director now directly owns 21,519 shares of the company’s stock, valued at $1,070,570.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Walker & Dunlop, Inc. (NYSE WD) opened at $49.39 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 5.26 and a quick ratio of 12.88. The stock has a market capitalization of $1,494.20, a P/E ratio of 7.54 and a beta of 1.08. Walker & Dunlop, Inc. has a 52-week low of $38.07 and a 52-week high of $56.46.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Wednesday, February 7th. The financial services provider reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.26. The business had revenue of $207.20 million during the quarter, compared to analyst estimates of $181.14 million. Walker & Dunlop had a return on equity of 21.33% and a net margin of 29.66%. The business’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.16 earnings per share. sell-side analysts predict that Walker & Dunlop, Inc. will post 4.32 EPS for the current fiscal year.
Walker & Dunlop announced that its board has initiated a share repurchase plan on Wednesday, February 7th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have commented on WD shares. Zacks Investment Research cut Walker & Dunlop from a “hold” rating to a “strong sell” rating in a report on Thursday, October 19th. ValuEngine cut Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. TheStreet lowered Walker & Dunlop from a “b-” rating to a “c+” rating in a research report on Monday, December 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $56.00 price target on shares of Walker & Dunlop in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Walker & Dunlop currently has a consensus rating of “Buy” and a consensus price target of $55.50.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Walker & Dunlop by 11.0% in the second quarter. Vanguard Group Inc. now owns 3,783,928 shares of the financial services provider’s stock valued at $184,769,000 after purchasing an additional 374,119 shares in the last quarter. Boston Partners grew its position in shares of Walker & Dunlop by 44.9% in the fourth quarter. Boston Partners now owns 1,527,675 shares of the financial services provider’s stock valued at $72,564,000 after purchasing an additional 473,629 shares in the last quarter. State Street Corp grew its position in shares of Walker & Dunlop by 5.4% in the second quarter. State Street Corp now owns 680,099 shares of the financial services provider’s stock valued at $33,209,000 after purchasing an additional 34,910 shares in the last quarter. Victory Capital Management Inc. grew its position in Walker & Dunlop by 23.8% in the fourth quarter. Victory Capital Management Inc. now owns 600,562 shares of the financial services provider’s stock worth $28,526,000 after acquiring an additional 115,416 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Walker & Dunlop by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 394,596 shares of the financial services provider’s stock worth $20,649,000 after acquiring an additional 17,963 shares during the period. Institutional investors and hedge funds own 78.61% of the company’s stock.
Walker & Dunlop Company 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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