AXQ Capital LP Invests $249,000 in Walker & Dunlop, Inc. $WD

AXQ Capital LP purchased a new position in shares of Walker & Dunlop, Inc. (NYSE:WD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 3,529 shares of the financial services provider’s stock, valued at approximately $249,000.

Other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its position in Walker & Dunlop by 13.8% in the 2nd quarter. Verdence Capital Advisors LLC now owns 41,527 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 5,046 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Walker & Dunlop by 8.2% in the second quarter. State of Alaska Department of Revenue now owns 19,230 shares of the financial services provider’s stock worth $1,355,000 after acquiring an additional 1,455 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Walker & Dunlop during the 1st quarter valued at about $9,353,000. Dynamic Technology Lab Private Ltd acquired a new position in Walker & Dunlop in the 1st quarter worth about $334,000. Finally, Hsbc Holdings PLC boosted its position in Walker & Dunlop by 14.9% during the first quarter. Hsbc Holdings PLC now owns 5,702 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 741 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Buying and Selling at Walker & Dunlop

In related news, EVP Paula A. Pryor sold 5,336 shares of Walker & Dunlop stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $86.20, for a total value of $459,963.20. Following the completion of the sale, the executive vice president owned 9,341 shares in the company, valued at approximately $805,194.20. This trade represents a 36.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.66% of the company’s stock.

Walker & Dunlop Stock Down 1.2%

Shares of Walker & Dunlop stock opened at $61.00 on Tuesday. The business’s fifty day simple moving average is $78.21 and its 200-day simple moving average is $76.55. The firm has a market cap of $2.08 billion, a PE ratio of 18.83 and a beta of 1.66. Walker & Dunlop, Inc. has a 52 week low of $60.72 and a 52 week high of $114.04.

Walker & Dunlop (NYSE:WD) last issued its quarterly earnings data on Thursday, November 6th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.01. The firm had revenue of $337.68 million for the quarter, compared to analyst estimates of $325.10 million. Walker & Dunlop had a net margin of 9.27% and a return on equity of 8.81%. Walker & Dunlop’s revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.19 EPS. As a group, equities analysts expect that Walker & Dunlop, Inc. will post 4.97 earnings per share for the current year.

Walker & Dunlop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Friday, November 21st will be issued a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, November 21st. Walker & Dunlop’s dividend payout ratio is currently 79.53%.

Wall Street Analyst Weigh In

WD has been the topic of a number of research analyst reports. Citigroup raised shares of Walker & Dunlop to an “outperform” rating in a research note on Friday, October 10th. Citizens Jmp raised Walker & Dunlop from a “market perform” rating to an “outperform” rating and set a $95.00 target price for the company in a report on Friday, October 10th. JMP Securities set a $95.00 price target on Walker & Dunlop and gave the stock a “market outperform” rating in a research report on Friday, October 10th. Wedbush reissued a “neutral” rating and issued a $90.00 price objective on shares of Walker & Dunlop in a research note on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Walker & Dunlop in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Walker & Dunlop presently has an average rating of “Moderate Buy” and an average target price of $94.25.

Walker & Dunlop Company Profile

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.