Nisa Investment Advisors LLC continued to hold its position in shares of Walker & Dunlop, Inc. (NYSE:WD) during the second quarter, Holdings Channel reports. The firm owned 8,200 shares of the financial services provider’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Walker & Dunlop were worth $383,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of WD. LS Investment Advisors LLC raised its position in shares of Walker & Dunlop by 1.5% in the second quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after buying an additional 47 shares during the period. Meeder Asset Management Inc. raised its position in shares of Walker & Dunlop by 226.2% in the second quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,823 shares during the period. State of Alaska Department of Revenue raised its position in shares of Walker & Dunlop by 81.5% in the second quarter. State of Alaska Department of Revenue now owns 5,555 shares of the financial services provider’s stock worth $271,000 after buying an additional 2,495 shares during the period. Fisher Asset Management LLC raised its position in shares of Walker & Dunlop by 45.2% in the second quarter. Fisher Asset Management LLC now owns 102,196 shares of the financial services provider’s stock worth $4,990,000 after buying an additional 31,810 shares during the period. Finally, NN Investment Partners Holdings N.V. acquired a new position in shares of Walker & Dunlop during the second quarter worth about $284,000. 80.85% of the stock is owned by institutional investors and hedge funds.
Shares of Walker & Dunlop, Inc. (NYSE:WD) traded up 0.91% during trading on Friday, reaching $46.66. The company had a trading volume of 189,758 shares. Walker & Dunlop, Inc. has a 12-month low of $23.61 and a 12-month high of $53.43. The company has a market cap of $1.46 billion, a P/E ratio of 10.31 and a beta of 1.39. The firm has a 50-day moving average of $49.67 and a 200-day moving average of $44.56.
Walker & Dunlop (NYSE:WD) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $166.40 million during the quarter, compared to analyst estimates of $167.51 million. Walker & Dunlop had a net margin of 21.91% and a return on equity of 22.86%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $1.05 earnings per share. On average, equities research analysts anticipate that Walker & Dunlop, Inc. will post $4.50 EPS for the current year.
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A number of equities analysts recently issued reports on the company. JMP Securities raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Thursday, August 3rd. Keefe, Bruyette & Woods set a $49.00 price objective on Walker & Dunlop and gave the stock a “hold” rating in a report on Wednesday, August 2nd. BidaskClub lowered Walker & Dunlop from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Zacks Investment Research lowered Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, ValuEngine raised Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Walker & Dunlop presently has an average rating of “Buy” and an average target price of $47.00.
In other news, Director Dana L. Schmaltz acquired 2,000 shares of the company’s stock in a transaction dated Wednesday, August 9th. The stock was bought at an average price of $47.85 per share, with a total value of $95,700.00. Following the completion of the acquisition, the director now owns 44,983 shares in the company, valued at approximately $2,152,436.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 11.70% 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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