Harspring Capital Management LLC Lowers Stock Position in Walker & Dunlop, Inc. (NYSE:WD)

Harspring Capital Management LLC trimmed its stake in Walker & Dunlop, Inc. (NYSE:WD) by 36.2% during the third quarter, Holdings Channel.com reports. The fund owned 41,500 shares of the financial services provider’s stock after selling 23,500 shares during the period. Walker & Dunlop accounts for about 1.1% of Harspring Capital Management LLC’s investment portfolio, making the stock its 17th biggest position. Harspring Capital Management LLC’s holdings in Walker & Dunlop were worth $4,714,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in WD. National Bank of Canada FI boosted its holdings in Walker & Dunlop by 205.6% during the 2nd quarter. National Bank of Canada FI now owns 275 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 185 shares during the period. Blue Trust Inc. boosted its stake in shares of Walker & Dunlop by 1,295.8% in the third quarter. Blue Trust Inc. now owns 335 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 311 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake 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. GAMMA Investing LLC grew its holdings in shares of Walker & Dunlop by 64.7% in the third quarter. GAMMA Investing LLC now owns 654 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 257 shares in the last quarter. Finally, Asset Dedication LLC purchased a new stake in Walker & Dunlop during the 2nd quarter worth approximately $94,000. 80.97% of the stock is currently owned by institutional investors and hedge funds.

Walker & Dunlop Trading Up 0.0 %

Shares of NYSE:WD opened at $110.20 on Tuesday. Walker & Dunlop, Inc. has a 52 week low of $87.20 and a 52 week high of $118.19. The company’s 50 day moving average is $110.93 and its two-hundred day moving average is $104.51. The company has a market cap of $3.72 billion, a PE ratio of 39.36 and a beta of 1.53.

Walker & Dunlop (NYSE:WD) last posted its 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). The business had revenue of $292.30 million during the quarter, compared to analysts’ expectations of $294.24 million. Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. As a group, equities research analysts expect that Walker & Dunlop, Inc. will post 5.18 EPS for the current year.

Walker & Dunlop Dividend Announcement

The firm also recently announced 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. This represents a $2.60 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, November 22nd. Walker & Dunlop’s payout ratio is 92.86%.

Wall Street Analysts Forecast Growth

WD has been the subject of several recent research reports. StockNews.com raised shares of Walker & Dunlop from a “sell” rating to a “hold” rating in a research report on Sunday, August 11th. Wedbush boosted their target price on Walker & Dunlop from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 25th. Finally, Wolfe Research raised Walker & Dunlop to a “strong-buy” rating in a research report on Tuesday, September 24th.

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.