Spinnaker Investment Group LLC Purchases 10,963 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Spinnaker Investment Group LLC grew its stake in Walker & Dunlop, Inc. (NYSE:WD - Free Report) by 380.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,841 shares of the financial services provider's stock after purchasing an additional 10,963 shares during the quarter. Walker & Dunlop makes up 0.5% of Spinnaker Investment Group LLC's holdings, making the stock its 22nd biggest position. Spinnaker Investment Group LLC's holdings in Walker & Dunlop were worth $1,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Captrust Financial Advisors boosted its position in Walker & Dunlop by 7.6% during the second quarter. Captrust Financial Advisors now owns 1,590 shares of the financial services provider's stock worth $153,000 after acquiring an additional 112 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Walker & Dunlop by 5.7% during the first quarter. Advisor Group Holdings Inc. now owns 2,145 shares of the financial services provider's stock worth $262,000 after acquiring an additional 115 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in Walker & Dunlop by 7.6% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,959 shares of the financial services provider's stock worth $154,000 after acquiring an additional 139 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Walker & Dunlop by 1.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 12,452 shares of the financial services provider's stock worth $977,000 after acquiring an additional 148 shares during the last quarter. Finally, Blair William & Co. IL boosted its position in Walker & Dunlop by 6.0% during the first quarter. Blair William & Co. IL now owns 2,630 shares of the financial services provider's stock worth $340,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 80.97% of the company's stock.

Insider Buying and Selling

In related news, Director Howard W. Smith III sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $97.99, for a total transaction of $1,959,800.00. Following the sale, the director now directly owns 191,508 shares of the company's stock, valued at approximately $18,765,868.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Walker & Dunlop news, CFO Gregory Florkowski sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $96.45, for a total transaction of $385,800.00. Following the completion of the transaction, the chief financial officer now owns 11,809 shares in the company, valued at approximately $1,138,978.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Howard W. Smith III sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $97.99, for a total transaction of $1,959,800.00. Following the transaction, the director now owns 191,508 shares of the company's stock, valued at approximately $18,765,868.92. The disclosure for this sale can be found here. Insiders have sold a total of 66,074 shares of company stock valued at $6,288,055 in the last ninety days. Company insiders own 5.26% of the company's stock.

Walker & Dunlop Stock Performance

Shares of Walker & Dunlop stock traded down $2.38 on Monday, reaching $98.68. The company had a trading volume of 303,850 shares, compared to its average volume of 227,462. The firm's 50 day moving average price is $95.25 and its two-hundred day moving average price is $88.56. The firm has a market cap of $3.32 billion, a PE ratio of 31.03 and a beta of 1.53. Walker & Dunlop, Inc. has a 52-week low of $61.06 and a 52-week high of $113.67.

Walker & Dunlop (NYSE:WD - Get Free Report) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.38. The business had revenue of $274.30 million for the quarter, compared to the consensus estimate of $276.76 million. Walker & Dunlop had a net margin of 10.18% and a return on equity of 9.15%. The business's revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, sell-side analysts predict that Walker & Dunlop, Inc. will post 4.31 EPS for the current year.

Walker & Dunlop Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.65 per share. This is an increase from Walker & Dunlop's previous quarterly dividend of $0.63. This represents a $2.60 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend was Thursday, February 29th. Walker & Dunlop's dividend payout ratio is presently 81.76%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Walker & Dunlop from a "hold" rating to a "sell" rating in a research note on Friday, March 22nd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $105.00 target price on shares of Walker & Dunlop in a research note on Tuesday, March 26th. Finally, Wedbush reaffirmed an "outperform" rating and set a $130.00 target price on shares of Walker & Dunlop in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $117.50.

Walker & Dunlop Company Profile

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.