Systematic Financial Management LP Reduces Holdings in Walker & Dunlop, Inc. (WD)

Systematic Financial Management LP lowered its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 86.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,555 shares of the financial services provider’s stock after selling 40,160 shares during the period. Systematic Financial Management LP’s holdings in Walker & Dunlop were worth $343,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of WD. Vanguard Group Inc. grew its stake in shares of Walker & Dunlop by 11.0% during the second quarter. Vanguard Group Inc. now owns 3,783,928 shares of the financial services provider’s stock worth $184,769,000 after purchasing an additional 374,119 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Walker & Dunlop by 210.9% during the second quarter. American Century Companies Inc. now owns 167,061 shares of the financial services provider’s stock worth $8,158,000 after purchasing an additional 113,329 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Walker & Dunlop by 13.3% during the second quarter. Teachers Advisors LLC now owns 515,171 shares of the financial services provider’s stock worth $25,156,000 after purchasing an additional 60,675 shares in the last quarter. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Walker & Dunlop during the third quarter worth $2,972,000. Finally, First Trust Advisors LP acquired a new position in shares of Walker & Dunlop during the second quarter worth $2,702,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Walker & Dunlop, Inc. (NYSE:WD) traded down $0.30 during midday trading on Friday, reaching $48.98. 168,767 shares of the company’s stock traded hands, compared to its average volume of 253,620. The company has a quick ratio of 12.88, a current ratio of 12.88 and a debt-to-equity ratio of 4.84. Walker & Dunlop, Inc. has a one year low of $28.81 and a one year high of $56.46. The firm has a market capitalization of $1,521.56, a P/E ratio of 10.53 and a beta of 1.38.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.09. Walker & Dunlop had a net margin of 21.81% and a return on equity of 22.35%. The company had revenue of $179.70 million during the quarter, compared to the consensus estimate of $166.38 million. During the same quarter in the prior year, the firm posted $0.96 earnings per share. Walker & Dunlop’s revenue for the quarter was up 16.1% on a year-over-year basis. sell-side analysts anticipate that Walker & Dunlop, Inc. will post 4.49 earnings per share for the current year.

In related news, Director Dana L. Schmaltz acquired 1,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $45.10 per share, for a total transaction of $45,100.00. Following the completion of the purchase, the director now directly owns 47,983 shares of the company’s stock, valued at approximately $2,164,033.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Howard W. Smith III sold 25,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $50.01, for a total transaction of $1,250,250.00. Following the completion of the transaction, the president now owns 828,176 shares of the company’s stock, valued at approximately $41,417,081.76. The disclosure for this sale can be found here. Insiders sold 78,128 shares of company stock valued at $3,928,041 in the last 90 days. 11.70% of the stock is currently owned by insiders.

A number of brokerages recently commented on WD. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 target price on shares of Walker & Dunlop in a research note on Thursday, October 12th. ValuEngine downgraded shares of Walker & Dunlop from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research downgraded shares of Walker & Dunlop from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $52.00.

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About Walker & Dunlop

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.

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

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