Shares are trading at $53.88 just a bit higher than $51.02, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $48.66. The 50 day moving average was up $2.86 and the 200 day average went up by +10.73%. Trading volume for Walker & Dunlop, Inc was 145K in the last trading session. Overall, volume was down 14.47% under the stocks normal daily volume.
Short traders are more bearish on the company recently if you take a look at the change in short interest. The company experienced a rise in short interest of 5.73% between September 15, 2017 and September 29, 2017. Short interest increased from 865,965 to 915,571 over that period. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.03% on September 29.
Walker & Dunlop, Inc (NYSE:WD) has been the object of insider buying activity recently. Director Dana L. Schmaltz disclosed the purchase of 1,000 shares. The shares were purchased at an average price of $45.10. The Director now owns $2,164,033 of the stock per the Form 4 SEC filing.
Here are a few substantial investment firms who have updated their positions. As of quarter end Fisher Asset Management, LLC had acquired 3,986 shares growing its stake by 3.9%. The value of the investment in (WD) increased from $4,990,000 to $5,557,000 increasing 11.4% for the reporting period. Bank Of Montreal /can/ downsized its ownership by selling 126 shares a decrease of 58.6% in the quarter. Bank Of Montreal /can/ currently owns 89 shares worth $5,000. The value of the position overall is down by 50.0%.
As of the end of the quarter Meeder Asset Management Inc had bought a total of 306 shares growing its position 87.2%. The value of the investment in WD went from $17,000 to $34,000 a change of 100.0% quarter over quarter. As of quarter end Capital One, National Association had sold 9,530 shares trimming its holdings by 10.6%. The value of the total investment in Walker & Dunlop, Inc went from $4,383,000 to $4,198,000 a change of $185,000 since the last quarter.
On August 3 the stock rating was upgraded from “Market Outperform” to “Outperform” by JMP Securities.
The company’s P/E ratio is 11.91 and market capitalization is 1.68B. As of the last earnings report the EPS was $4.52 and is projected to be $4.45 for the current year with 31,246,000 shares presently outstanding. Next quarter’s EPS is forecasted at $1.06 and the next full year EPS is anticipated to be $4.39.
Walker & Dunlop, Inc., launched on July 29, 2010, is a holding company, which conducts its operations through Walker & Dunlop, LLC. The Company provides commercial real estate financial products and services primarily to developers and owners of multifamily properties. The Company originates, sells and services a range of multifamily and other commercial real estate financing products, including Multifamily Finance, Federal Housing Administration (FHA) Finance, Capital Markets, and Proprietary Capital. It originates and sells loans through the programs of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac, and together with Fannie Mae, the government-sponsored enterprises (GSEs)), the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration, a division of the United States Department of Housing and Urban Development (together with Ginnie Mae, HUD)..