GYL Financial Synergies LLC purchased a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,298 shares of the financial services provider’s stock, valued at approximately $2,052,000. Walker & Dunlop accounts for approximately 0.5% of GYL Financial Synergies LLC’s portfolio, making the stock its 27th biggest holding.
Several other hedge funds have also recently bought and sold shares of WD. Versant Capital Management Inc purchased a new position in Walker & Dunlop in the 1st quarter worth approximately $33,000. Parallel Advisors LLC increased its stake in shares of Walker & Dunlop by 205.1% during the first quarter. Parallel Advisors LLC now owns 714 shares of the financial services provider’s stock valued at $36,000 after buying an additional 480 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of Walker & Dunlop by 312.0% during the first quarter. Valeo Financial Advisors LLC now owns 824 shares of the financial services provider’s stock valued at $42,000 after buying an additional 624 shares during the period. Denali Advisors LLC increased its stake in shares of Walker & Dunlop by 1,636.4% during the first quarter. Denali Advisors LLC now owns 955 shares of the financial services provider’s stock valued at $49,000 after buying an additional 900 shares during the period. Finally, NumerixS Investment Technologies Inc increased its stake in shares of Walker & Dunlop by 350.0% during the first quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the financial services provider’s stock valued at $92,000 after buying an additional 1,400 shares during the period. Institutional investors own 77.52% 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 on Monday, April 1st. The stock was sold at an average price of $51.28, for a total value of $1,282,000.00. Following the completion of the transaction, the president now owns 106,851 shares in the company, valued at $5,479,319.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Howard W. Smith III sold 76,176 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $52.51, for a total value of $4,000,001.76. Following the completion of the transaction, the president now owns 106,851 shares of the company’s stock, valued at approximately $5,610,746.01. The disclosure for this sale can be found here. Insiders sold 118,776 shares of company stock worth $6,216,386 over the last three months. Corporate insiders own 10.37% of the company’s stock.
NYSE WD opened at $53.43 on Monday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 4.70 and a current ratio of 4.70. Walker & Dunlop, Inc. has a twelve month low of $37.96 and a twelve month high of $60.67. The company has a market cap of $1.64 billion, a P/E ratio of 10.60 and a beta of 1.00.
Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, May 1st. The financial services provider reported $1.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.34. Walker & Dunlop had a return on equity of 18.67% and a net margin of 22.05%. The company had revenue of $187.44 million for the quarter, compared to analyst estimates of $161.10 million. During the same period in the previous year, the company posted $1.14 earnings per share. The firm’s revenue was up 27.1% on a year-over-year basis. Research analysts predict that Walker & Dunlop, Inc. will post 5.48 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.25%. The ex-dividend date was Thursday, May 16th. Walker & Dunlop’s dividend payout ratio (DPR) is 23.81%.
Several research firms recently weighed in on WD. JMP Securities lifted their price target on Walker & Dunlop from $60.00 to $65.00 and gave the company a “market outperform” rating in a research report on Thursday, February 21st. ValuEngine upgraded Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research lowered Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 18th. Finally, BTIG Research began coverage on Walker & Dunlop in a research report on Wednesday, March 13th. They set a “buy” rating and a $70.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Walker & Dunlop has an average rating of “Buy” and an average target price of $63.20.
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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, second trust, supplemental, construction, mezzanine, preferred equity, small-balance, and bridge/interim loans.
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