Assetmark Inc. raised its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 46.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,337 shares of the financial services provider’s stock after acquiring an additional 1,691 shares during the quarter. Assetmark Inc.’s holdings in Walker & Dunlop were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in Walker & Dunlop in the 4th quarter worth approximately $1,577,000. Millennium Management LLC increased its position in Walker & Dunlop by 273.4% in the 4th quarter. Millennium Management LLC now owns 61,515 shares of the financial services provider’s stock worth $2,922,000 after buying an additional 45,042 shares during the period. MetLife Investment Advisors LLC bought a new position in Walker & Dunlop in the 4th quarter worth approximately $596,000. HL Financial Services LLC increased its position in Walker & Dunlop by 533.9% in the 1st quarter. HL Financial Services LLC now owns 55,203 shares of the financial services provider’s stock worth $3,280,000 after buying an additional 46,495 shares during the period. Finally, Wells Fargo & Company MN increased its position in Walker & Dunlop by 2.0% in the 1st quarter. Wells Fargo & Company MN now owns 164,024 shares of the financial services provider’s stock worth $9,747,000 after buying an additional 3,265 shares during the period. Institutional investors and hedge funds own 81.41% of the company’s stock.
In other news, President Howard W. Smith III sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $55.82, for a total transaction of $1,395,500.00. Following the sale, the president now directly owns 662,138 shares in the company, valued at $36,960,543.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard M. Lucas sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, June 25th. The shares were sold at an average price of $57.60, for a total value of $1,152,000.00. Following the sale, the executive vice president now owns 118,374 shares in the company, valued at $6,818,342.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,128 shares of company stock worth $9,671,156. 11.70% of the stock is currently owned by company insiders.
Shares of WD traded up $0.37 on Friday, reaching $54.50. 225,600 shares of the stock traded hands, compared to its average volume of 220,604. The stock has a market cap of $1.73 billion, a PE ratio of 11.45 and a beta of 0.89. The company has a current ratio of 6.99, a quick ratio of 6.99 and a debt-to-equity ratio of 1.62. Walker & Dunlop, Inc. has a 12 month low of $42.66 and a 12 month high of $61.44.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, August 1st. The financial services provider reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.06). The firm had revenue of $178.20 million for the quarter, compared to the consensus estimate of $182.79 million. Walker & Dunlop had a net margin of 29.63% and a return on equity of 18.89%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.08 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 4th. Stockholders of record on Friday, August 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date is Thursday, August 16th. Walker & Dunlop’s dividend payout ratio is presently 21.01%.
About Walker & Dunlop
Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate loans for owners and developers of real estate in the United States. The company offers multifamily properties and commercial real estate finance products, such as first mortgage loans, second trust loans, supplemental financings, construction loans, mezzanine loans, and bridge/interim loans.
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