Boston Partners Trims Stake in Walker & Dunlop, Inc. (NYSE:WD)

Boston Partners reduced its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 22.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 237,834 shares of the financial services provider’s stock after selling 67,426 shares during the period. Boston Partners owned approximately 0.71% of Walker & Dunlop worth $23,426,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new position in Walker & Dunlop in the first quarter worth $98,000. Castleark Management LLC purchased a new position in Walker & Dunlop in the first quarter worth $4,297,000. Impactive Capital LP grew its position in Walker & Dunlop by 242.0% in the first quarter. Impactive Capital LP now owns 1,034,093 shares of the financial services provider’s stock worth $104,505,000 after acquiring an additional 731,714 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Walker & Dunlop in the first quarter worth $298,000. Finally, EntryPoint Capital LLC purchased a new position in Walker & Dunlop in the first quarter worth $57,000. 80.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on WD shares. Wedbush reiterated a “neutral” rating and issued a $95.00 target price on shares of Walker & Dunlop in a research report on Friday, May 3rd. StockNews.com downgraded shares of Walker & Dunlop from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th.

Walker & Dunlop Price Performance

Walker & Dunlop stock traded down $1.03 during mid-day trading on Friday, hitting $102.29. The company’s stock had a trading volume of 238,498 shares, compared to its average volume of 278,857. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 37.33 and a beta of 1.55. The business has a 50 day moving average price of $98.40 and a 200-day moving average price of $96.47. Walker & Dunlop, Inc. has a 12 month low of $62.51 and a 12 month high of $113.67.

Walker & Dunlop (NYSE:WD) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.36. The business had revenue of $228.10 million during the quarter, compared to the consensus estimate of $251.82 million. Walker & Dunlop had a net margin of 8.87% and a return on equity of 9.16%. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, equities research analysts expect that Walker & Dunlop, Inc. will post 5.35 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Paula A. Pryor sold 4,533 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $97.33, for a total transaction of $441,196.89. Following the completion of the transaction, the executive vice president now directly owns 9,227 shares of the company’s stock, valued at $898,063.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.47% of the company’s stock.

About Walker & Dunlop

Walker & Dunlop, Inc, through its subsidiaries, originates, sells, and services a range of multifamily and other commercial real estate financing products and services for owners and developers of real estate in the United States. It operates through three segments: Capital Markets, Servicing & Asset Management, and Corporate.