Walter Investment Management Corp. (NYSE:WAC) COO Keith Anderson unloaded 1,609 shares of the stock on the open market in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $35.75, for a total value of $57,521.75. Following the transaction, the chief operating officer now directly owns 31,651 shares in the company, valued at approximately $1,131,523. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Walter Investment Management Corp. (NYSE:WAC) traded down 0.86% during mid-day trading on Wednesday, hitting $35.91. The stock had a trading volume of 637,083 shares. Walter Investment Management Corp. has a 52-week low of $31.02 and a 52-week high of $49.99. The stock has a 50-day moving average of $39.10 and a 200-day moving average of $37.60. The company has a market cap of $1.327 billion and a price-to-earnings ratio of 8.94.
Walter Investment Management Corp. (NYSE:WAC) last announced its earnings results on Wednesday, November 6th. The company reported $2.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.47 by $0.86. The company had revenue of $489.16 million for the quarter, compared to the consensus estimate of $416.37 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue for the quarter was up 204.4% on a year-over-year basis. On average, analysts predict that Walter Investment Management Corp. will post $9.14 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on WAC shares. Analysts at Jefferies Group raised their price target on shares of Walter Investment Management Corp. to $44.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Wells Fargo & Co. downgraded shares of Walter Investment Management Corp. from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, October 11th. Finally, analysts at Morgan Stanley raised their price target on shares of Walter Investment Management Corp. from $49.00 to $52.00 in a research note to investors on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $45.61.
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.
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