GAMMA Investing LLC Has $74,000 Stake in Walker & Dunlop, Inc. (NYSE:WD)

GAMMA Investing LLC increased its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 64.7% during the third quarter, Holdings Channel reports. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in WD. Vanguard Group Inc. boosted its position in Walker & Dunlop by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 3,761,433 shares of the financial services provider’s stock worth $417,557,000 after purchasing an additional 10,743 shares during the period. Dimensional Fund Advisors LP lifted its position in Walker & Dunlop by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,319,434 shares of the financial services provider’s stock worth $129,566,000 after acquiring an additional 20,739 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Walker & Dunlop by 13.8% during the second quarter. Victory Capital Management Inc. now owns 1,063,522 shares of the financial services provider’s stock worth $104,438,000 after acquiring an additional 129,289 shares during the period. Impactive Capital LP increased its stake in shares of Walker & Dunlop by 242.0% during the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock worth $104,505,000 after purchasing an additional 731,714 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Walker & Dunlop by 0.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 377,417 shares of the financial services provider’s stock worth $37,062,000 after purchasing an additional 2,815 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Insider Activity

In related news, COO Stephen P. Theobald sold 13,870 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 53,869 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Corporate insiders own 5.47% of the company’s stock.

Walker & Dunlop Stock Up 1.9 %

WD stock opened at $113.89 on Wednesday. The company has a market cap of $3.84 billion, a PE ratio of 41.57 and a beta of 1.55. Walker & Dunlop, Inc. has a 52 week low of $62.51 and a 52 week high of $116.26. The business has a 50-day simple moving average of $107.36 and a 200 day simple moving average of $100.76.

Walker & Dunlop (NYSE:WD) last issued its earnings results on Thursday, August 8th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.16 by $0.07. The company had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $274.50 million. Walker & Dunlop had a net margin of 8.41% and a return on equity of 9.65%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.98 EPS. On average, analysts anticipate that Walker & Dunlop, Inc. will post 5.32 EPS for the current fiscal year.

Walker & Dunlop Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Thursday, August 22nd were issued 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 was Thursday, August 22nd. Walker & Dunlop’s dividend payout ratio is presently 94.89%.

Wall Street Analyst Weigh In

WD has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. 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 report on Wednesday, September 25th. Finally, StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

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.