Harspring Capital Management LLC Sells 23,500 Shares of Walker & Dunlop, Inc. (NYSE:WD)

Harspring Capital Management LLC lowered its stake in shares of Walker & Dunlop, Inc. (NYSE:WD) by 36.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,500 shares of the financial services provider’s stock after selling 23,500 shares during the quarter. Walker & Dunlop comprises 1.1% of Harspring Capital Management LLC’s holdings, making the stock its 17th largest holding. Harspring Capital Management LLC owned 0.12% of Walker & Dunlop worth $4,714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Walker & Dunlop by 2.6% during the second quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock worth $432,000 after purchasing an additional 110 shares in the last quarter. Signaturefd LLC lifted its position in Walker & Dunlop by 10.3% during the 3rd quarter. Signaturefd LLC now owns 1,405 shares of the financial services provider’s stock worth $160,000 after acquiring an additional 131 shares during the period. Hsbc Holdings PLC grew its stake in Walker & Dunlop by 3.7% during the 2nd quarter. Hsbc Holdings PLC now owns 4,851 shares of the financial services provider’s stock valued at $473,000 after purchasing an additional 172 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Walker & Dunlop by 44.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 177 shares during the period. Finally, National Bank of Canada FI raised its stake in shares of Walker & Dunlop by 205.6% in the second quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 185 shares during the last quarter. Institutional investors own 80.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wedbush increased their price target on shares of Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a report on Sunday, August 11th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research note on Tuesday, September 24th.

Walker & Dunlop Trading Up 0.0 %

NYSE:WD opened at $110.20 on Tuesday. The stock has a 50 day moving average of $110.93 and a two-hundred day moving average of $104.51. Walker & Dunlop, Inc. has a 12 month low of $87.20 and a 12 month high of $118.19. The firm has a market cap of $3.72 billion, a P/E ratio of 39.36 and a beta of 1.53.

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

Walker & Dunlop Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.65 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.60 annualized dividend and a yield of 2.36%. Walker & Dunlop’s dividend payout ratio is presently 92.86%.

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.