Walter Investment Management (WAC) Trading 9.1% Higher

Walter Investment Management Corp (NYSE:WAC) shares traded up 9.1% on Monday . The stock traded as high as $0.86 and last traded at $0.84. 1,463,500 shares changed hands during mid-day trading, an increase of 92% from the average session volume of 762,282 shares. The stock had previously closed at $0.77.

The firm has a market capitalization of $31.50, a PE ratio of -0.13 and a beta of 0.68. The company has a debt-to-equity ratio of -57.71, a quick ratio of 12.88 and a current ratio of 12.88.

A number of institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Walter Investment Management by 3.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 438,585 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 15,156 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Walter Investment Management during the second quarter valued at $252,000. Alta Fundamental Advisers LLC purchased a new stake in Walter Investment Management in the second quarter worth about $237,000. Goldman Sachs Group Inc. increased its position in Walter Investment Management by 1,383.6% in the second quarter. Goldman Sachs Group Inc. now owns 241,879 shares of the financial services provider’s stock worth $229,000 after buying an additional 225,576 shares in the last quarter. Finally, Virtu KCG Holdings LLC increased its position in Walter Investment Management by 624.6% in the second quarter. Virtu KCG Holdings LLC now owns 237,678 shares of the financial services provider’s stock worth $225,000 after buying an additional 204,878 shares in the last quarter. Institutional investors own 39.56% of the company’s stock.

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Walter Investment Management Company Profile

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

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