Walker & Dunlop, Inc. (NYSE:WD) Stake Maintained by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS maintained its position in Walker & Dunlop, Inc. (NYSE:WD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,000 shares of the financial services provider’s stock at the end of the second quarter. Kornitzer Capital Management Inc. KS’s holdings in Walker & Dunlop were worth $488,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of WD. State Board of Administration of Florida Retirement System increased its position in Walker & Dunlop by 0.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,056 shares of the financial services provider’s stock worth $711,000 after buying an additional 46 shares in the last quarter. LS Investment Advisors LLC boosted its stake 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 last quarter. State of Alaska Department of Revenue boosted its position in Walker & Dunlop by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 3,060 shares of the financial services provider’s stock worth $127,000 after buying an additional 60 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Walker & Dunlop by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,300 shares of the financial services provider’s stock worth $471,000 after buying an additional 200 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in Walker & Dunlop by 1.4% in the first quarter. Arizona State Retirement System now owns 14,469 shares of the financial services provider’s stock worth $603,000 after buying an additional 200 shares in the last quarter. 78.71% of the stock is owned by institutional investors.

Walker & Dunlop, Inc. (WD) traded up 1.21% during trading on Friday, hitting $47.58. The company had a trading volume of 211,993 shares. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 10.52 and a beta of 1.39. Walker & Dunlop, Inc. has a 12-month low of $23.61 and a 12-month high of $53.43. The firm has a 50-day moving average of $49.52 and a 200 day moving average of $45.16.

Walker & Dunlop (NYSE:WD) last posted its earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.02. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The firm had revenue of $166.40 million during the quarter, compared to analysts’ expectations of $167.51 million. During the same period in the previous year, the firm earned $1.05 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Walker & Dunlop, Inc. will post $4.50 earnings per share for the current year.

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Several research firms have recently commented on WD. JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods set a $49.00 target price on Walker & Dunlop and gave the stock a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine raised Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. BidaskClub cut Walker & Dunlop from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research raised Walker & Dunlop from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research note on Saturday, May 6th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $47.00.

In other Walker & Dunlop news, Director Dana L. Schmaltz bought 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was purchased at an average cost of $46.05 per share, with a total value of $46,050.00. Following the completion of the purchase, the director now owns 46,983 shares in the company, valued at $2,163,567.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Dana L. Schmaltz acquired 2,000 shares of Walker & Dunlop stock in a transaction dated Wednesday, August 9th. The shares were purchased at an average cost of $47.85 per share, with a total value of $95,700.00. Following the completion of the transaction, the director now directly owns 44,983 shares of the company’s stock, valued at $2,152,436.55. The disclosure for this purchase can be found here. 11.70% of the stock is currently owned by insiders.

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.

Institutional Ownership by Quarter for Walker & Dunlop (NYSE:WD)

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