Dynamic Technology Lab Private Ltd Makes New Investment in Walker & Dunlop, Inc. $WD

Key Points

• Dynamic Technology Lab Private Ltd has made a new investment in Walker & Dunlop, Inc., purchasing 3,910 shares valued at approximately $334,000 during the first quarter.
• Walker & Dunlop's stock has seen significant institutional interest, with various funds acquiring large stakes and institutional investors collectively owning 80.97% of the company.
• Despite strong revenue growth of 17.9% year-over-year, the company reported an EPS of $1.15, missing analyst expectations of $1.29.

Dynamic Technology Lab Private Ltd bought a new position in shares of Walker & Dunlop, Inc. (NYSE:WD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,910 shares of the financial services provider's stock, valued at approximately $334,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Walker & Dunlop in the first quarter valued at approximately $22,363,000. Royce & Associates LP raised its position in shares of Walker & Dunlop by 257.2% in the first quarter. Royce & Associates LP now owns 282,688 shares of the financial services provider's stock valued at $24,130,000 after buying an additional 203,542 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Walker & Dunlop in the first quarter valued at approximately $12,111,000. Nuveen LLC acquired a new position in shares of Walker & Dunlop in the first quarter valued at approximately $11,170,000. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Walker & Dunlop in the first quarter valued at approximately $9,353,000. Institutional investors and hedge funds own 80.97% of the company's stock.

Insider Activity

In other news, EVP Paula A. Pryor sold 5,336 shares of the stock in a transaction 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 of the company's stock, valued at $805,194.20. This represents a 36.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.66% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on WD. Wedbush reissued a "neutral" rating and issued a $90.00 price objective on shares of Walker & Dunlop in a research report on Thursday, August 14th. Wall Street Zen raised shares of Walker & Dunlop from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Walker & Dunlop currently has an average rating of "Buy" and a consensus target price of $92.50.

Walker & Dunlop Stock Performance

Shares of WD stock opened at $86.09 on Friday. Walker & Dunlop, Inc. has a one year low of $64.48 and a one year high of $118.19. The company has a 50 day moving average price of $80.08 and a 200 day moving average price of $77.22. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 26.57 and a beta of 1.59.

Walker & Dunlop (NYSE:WD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.15 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.14). Walker & Dunlop had a return on equity of 8.81% and a net margin of 9.27%.The company had revenue of $319.24 million for the quarter, compared to analyst estimates of $275.84 million. During the same period last year, the company posted $1.23 EPS. The business's revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities analysts forecast that Walker & Dunlop, Inc. will post 4.97 EPS for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Thursday, August 21st were given a $0.67 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.68 annualized dividend and a dividend yield of 3.1%. Walker & Dunlop's dividend payout ratio is presently 82.72%.

Walker & Dunlop 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.

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