Profund Advisors LLC Takes Position in Walker & Dunlop, Inc. (WD)

Profund Advisors LLC acquired a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,147 shares of the financial services provider’s stock, valued at approximately $251,000.

Other hedge funds have also recently modified their holdings of the company. Meeder Asset Management Inc. grew its position in Walker & Dunlop by 226.2% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,629 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,823 shares during the last quarter. Riverhead Capital Management LLC grew its position in Walker & Dunlop by 68.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,698 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 1,098 shares during the last quarter. Cypress Capital Management LLC WY grew its position in Walker & Dunlop by 72.8% during the 2nd quarter. Cypress Capital Management LLC WY now owns 2,730 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 1,150 shares during the last quarter. LS Investment Advisors LLC grew its position in Walker & Dunlop by 1.5% during the 2nd quarter. LS Investment Advisors LLC now owns 3,165 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 47 shares during the last quarter. Finally, GW&K Investment Management LLC bought a new stake in Walker & Dunlop during the 2nd quarter worth $203,000. Institutional investors and hedge funds own 77.25% of the company’s stock.

Shares of Walker & Dunlop, Inc. (WD) opened at 54.77 on Thursday. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 12.11 and a beta of 1.37. The company’s 50-day moving average price is $49.22 and its 200-day moving average price is $47.82. Walker & Dunlop, Inc. has a 12 month low of $23.61 and a 12 month high of $55.19.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.02. Walker & Dunlop had a return on equity of 22.86% and a net margin of 21.91%. The business had revenue of $166.40 million for the quarter, compared to the consensus estimate of $167.51 million. During the same quarter last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts anticipate that Walker & Dunlop, Inc. will post $4.54 EPS for the current year.

A number of brokerages recently weighed in on WD. Keefe, Bruyette & Woods restated a “hold” rating and set a $49.00 price objective on shares of Walker & Dunlop in a research report on Thursday. BidaskClub upgraded Walker & Dunlop from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 16th. Zacks Investment Research lowered Walker & Dunlop from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, JMP Securities upgraded Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.00.

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In other news, Director Dana L. Schmaltz purchased 2,000 shares of the stock in a transaction on Wednesday, August 9th. The shares were acquired at an average price of $47.85 per share, for a total transaction 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 approximately $2,152,436.55. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Dana L. Schmaltz purchased 1,000 shares of the stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $46.05 per share, for a total transaction of $46,050.00. Following the transaction, the director now directly owns 46,983 shares of the company’s stock, valued at $2,163,567.15. The disclosure for this purchase can be found here. Insiders have acquired 4,000 shares of company stock worth $186,850 in the last 90 days. Company insiders own 11.70% of the company’s stock.

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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