Crewe Advisors LLC Invests $141,000 in Walker & Dunlop, Inc. (NYSE:WD)

Crewe Advisors LLC bought a new position in Walker & Dunlop, Inc. (NYSE:WD) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,400 shares of the financial services provider’s stock, valued at approximately $141,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its stake in Walker & Dunlop by 5.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 39,954 shares of the financial services provider’s stock worth $4,036,000 after buying an additional 1,970 shares in the last quarter. UniSuper Management Pty Ltd bought a new stake in Walker & Dunlop in the first quarter valued at approximately $795,000. Entropy Technologies LP lifted its position in Walker & Dunlop by 12.2% in the first quarter. Entropy Technologies LP now owns 5,728 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 623 shares during the last quarter. ProShare Advisors LLC lifted its position in Walker & Dunlop by 7.4% in the first quarter. ProShare Advisors LLC now owns 6,453 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 443 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Walker & Dunlop by 3.2% in the first quarter. Russell Investments Group Ltd. now owns 20,314 shares of the financial services provider’s stock valued at $2,053,000 after purchasing an additional 633 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on WD. Wedbush reiterated a “neutral” rating and issued a $95.00 price objective on shares of Walker & Dunlop in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their target price on Walker & Dunlop from $105.00 to $112.00 and gave the company a “market perform” rating in a report on Thursday.

Insider Activity at Walker & Dunlop

In related news, EVP Paula A. Pryor sold 4,533 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $97.33, for a total transaction of $441,196.89. Following the sale, the executive vice president now directly owns 9,227 shares of the company’s stock, valued at $898,063.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.47% of the stock is currently owned by insiders.

Walker & Dunlop Stock Performance

Shares of Walker & Dunlop stock traded up $3.00 during midday trading on Thursday, reaching $107.04. 449,792 shares of the company’s stock traded hands, compared to its average volume of 212,045. The company has a market cap of $3.61 billion, a PE ratio of 39.07 and a beta of 1.55. The stock has a 50 day moving average of $97.54 and a 200-day moving average of $96.16. Walker & Dunlop, Inc. has a 12 month low of $62.51 and a 12 month high of $113.67.

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

Walker & Dunlop Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 16th were given a dividend of $0.65 per share. The ex-dividend date was Wednesday, May 15th. This represents a $2.60 annualized dividend and a dividend yield of 2.43%. Walker & Dunlop’s dividend payout ratio (DPR) is presently 94.89%.

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.