Quest Partners LLC Boosts Holdings in Walker & Dunlop, Inc. (NYSE:WD)

Quest Partners LLC grew its position in shares of Walker & Dunlop, Inc. (NYSE:WD) by 2,259,700.0% during the third quarter, HoldingsChannel reports. The firm owned 22,598 shares of the financial services provider’s stock after buying an additional 22,597 shares during the period. Quest Partners LLC’s holdings in Walker & Dunlop were worth $2,567,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. National Bank of Canada FI grew its position in shares of Walker & Dunlop by 205.6% during the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after buying an additional 185 shares in the last quarter. Blue Trust Inc. grew its position in shares of Walker & Dunlop by 1,295.8% during the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock worth $38,000 after buying an additional 311 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock worth $56,000 after buying an additional 177 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Walker & Dunlop during the first quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its position in shares of Walker & Dunlop by 64.7% during the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock worth $74,000 after buying an additional 257 shares in the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Insider Activity

In other news, COO Stephen P. Theobald sold 13,870 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $106.10, for a total transaction of $1,471,607.00. Following the completion of the transaction, the chief operating officer now owns 53,869 shares of the company’s stock, valued at approximately $5,715,500.90. The trade was a 20.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.26% of the company’s stock.

Walker & Dunlop Stock Performance

Shares of WD opened at $106.62 on Monday. Walker & Dunlop, Inc. has a 1 year low of $81.14 and a 1 year high of $118.19. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 38.08 and a beta of 1.55. The firm has a fifty day moving average of $110.58 and a 200-day moving average of $103.58.

Walker & Dunlop (NYSE:WD) last announced its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The firm had revenue of $292.30 million for the quarter, compared to analyst estimates of $294.24 million. During the same period last year, the firm posted $1.11 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. Analysts predict that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Friday, November 22nd. Walker & Dunlop’s dividend payout ratio (DPR) is 92.86%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. Wolfe Research raised shares of Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th. Keefe, Bruyette & Woods lifted their price objective on shares of Walker & Dunlop from $105.00 to $112.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Finally, StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th.

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.