AlphaQuest LLC Has $873,000 Stake in Walker & Dunlop, Inc. $WD

AlphaQuest LLC lifted its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 40.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,381 shares of the financial services provider’s stock after purchasing an additional 3,572 shares during the quarter. AlphaQuest LLC’s holdings in Walker & Dunlop were worth $873,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Tributary Capital Management LLC raised its position in shares of Walker & Dunlop by 18.6% during the second quarter. Tributary Capital Management LLC now owns 168,338 shares of the financial services provider’s stock worth $11,864,000 after purchasing an additional 26,456 shares during the period. Allianz Asset Management GmbH raised its position in shares of Walker & Dunlop by 4.7% during the second quarter. Allianz Asset Management GmbH now owns 29,159 shares of the financial services provider’s stock worth $2,055,000 after purchasing an additional 1,300 shares during the period. Verdence Capital Advisors LLC raised its position in shares of Walker & Dunlop by 13.8% during the second quarter. Verdence Capital Advisors LLC now owns 41,527 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 5,046 shares during the period. Yousif Capital Management LLC raised its position in shares of Walker & Dunlop by 1.4% during the second quarter. Yousif Capital Management LLC now owns 12,006 shares of the financial services provider’s stock worth $846,000 after purchasing an additional 167 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Walker & Dunlop by 18.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,905 shares of the financial services provider’s stock worth $205,000 after purchasing an additional 459 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Wall Street Analysts Forecast Growth

WD has been the topic of a number of research analyst reports. Wall Street Zen raised Walker & Dunlop from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. JMP Securities set a $95.00 target price on Walker & Dunlop and gave the company a “market outperform” rating in a research report on Friday, October 10th. Citigroup raised Walker & Dunlop to an “outperform” rating in a research report on Friday, October 10th. Keefe, Bruyette & Woods lifted their target price on Walker & Dunlop from $95.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Citizens Jmp raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 target price on the stock in a research report on Friday, October 10th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.25.

Walker & Dunlop Trading Down 0.6%

Shares of NYSE WD opened at $85.95 on Monday. Walker & Dunlop, Inc. has a 12 month low of $64.48 and a 12 month high of $118.19. The stock has a 50 day moving average of $84.20 and a 200-day moving average of $77.03. The company has a market capitalization of $2.93 billion, a P/E ratio of 26.53 and a beta of 1.59.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.14). The firm had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. Analysts predict that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Thursday, August 21st were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, August 21st. Walker & Dunlop’s dividend payout ratio (DPR) is presently 82.72%.

Insiders Place Their Bets

In related news, EVP Paula A. Pryor sold 5,336 shares of Walker & Dunlop stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $86.20, for a total transaction of $459,963.20. Following the completion of the sale, the executive vice president directly owned 9,341 shares of the company’s stock, valued at approximately $805,194.20. This trade represents a 36.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 3.66% of the company’s stock.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.