Walter Investment Management Corp. (NYSE:WAC) VP Denmar John Dixon bought 5,000 shares of Walter Investment Management Corp. stock on the open market in a transaction that occured on Tuesday, August 13th. The shares were purchased at an average price of $39.65 per share, for a total transaction of $198,250.00. Following the purchase, the vice president now directly owns 226,528 shares in the company. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on WAC. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Walter Investment Management Corp. from $38.00 to $44.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, analysts at Compass Point downgraded shares of Walter Investment Management Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Friday, August 9th. They noted that the move was a valuation call. Finally, analysts at Zacks downgraded shares of Walter Investment Management Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $45.90 price target on the stock.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $43.99.
Walter Investment Management Corp. (NYSE:WAC) opened at 39.29 on Thursday. Walter Investment Management Corp. has a 1-year low of $25.68 and a 1-year high of $49.99. The stock’s 50-day moving average is currently $37.35. The company has a market cap of $1.452 billion and a price-to-earnings ratio of 9.91.
Walter Investment Management Corp. (NYSE:WAC) last issued its quarterly earnings data on Thursday, August 8th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $3.72. The company had revenue of $569.20 million for the quarter, compared to the consensus estimate of $374.77 million. The company’s revenue for the quarter was up 277.2% on a year-over-year basis. Analysts expect that Walter Investment Management Corp. will post $8.67 EPS for the current fiscal year.
Walter Investment Management Corp., together with its subsidiaries, is a fee-based business services provider to the residential mortgage industry.
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