Spinnaker Investment Group LLC Decreases Stake in Walker & Dunlop, Inc. (NYSE:WD)

Spinnaker Investment Group LLC cut its holdings in shares of Walker & Dunlop, Inc. (NYSE:WD) by 11.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,379 shares of the financial services provider’s stock after selling 1,471 shares during the quarter. Spinnaker Investment Group LLC’s holdings in Walker & Dunlop were worth $1,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in shares of Walker & Dunlop by 19.3% in the second quarter. Envestnet Asset Management Inc. now owns 37,731 shares of the financial services provider’s stock valued at $3,705,000 after purchasing an additional 6,115 shares in the last quarter. Hsbc Holdings PLC grew its holdings 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 buying an additional 172 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Walker & Dunlop by 44.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 575 shares of the financial services provider’s stock valued at $56,000 after buying an additional 177 shares during the period. Evergreen Capital Management LLC lifted its holdings in shares of Walker & Dunlop by 5.3% in the second quarter. Evergreen Capital Management LLC now owns 3,808 shares of the financial services provider’s stock worth $374,000 after buying an additional 192 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Walker & Dunlop by 2.6% in the second quarter. Bank of Montreal Can now owns 4,398 shares of the financial services provider’s stock valued at $432,000 after acquiring an additional 110 shares during the period. Institutional investors own 80.97% of the company’s stock.

Walker & Dunlop Trading Up 0.1 %

Shares of NYSE:WD opened at $95.45 on Friday. The company has a 50 day moving average of $101.34 and a 200 day moving average of $105.31. The stock has a market cap of $3.22 billion, a P/E ratio of 34.09 and a beta of 1.55. Walker & Dunlop, Inc. has a 12 month low of $85.63 and a 12 month high of $118.19.

Walker & Dunlop (NYSE:WD) last released its quarterly earnings results on Thursday, November 7th. The financial services provider reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.10). Walker & Dunlop had a net margin of 8.91% and a return on equity of 9.81%. The firm had revenue of $292.30 million for the quarter, compared to analysts’ expectations of $294.24 million. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, equities analysts forecast that Walker & Dunlop, Inc. will post 5.14 earnings per share for the current fiscal year.

Walker & Dunlop Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a $0.65 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.60 annualized dividend and a dividend yield of 2.72%. Walker & Dunlop’s payout ratio is currently 92.86%.

Walker & Dunlop 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.