Walker & Dunlop (NYSE:WD) Sets New 52-Week Low After Earnings Miss

Walker & Dunlop, Inc. (NYSE:WD) shares hit a new 52-week low during mid-day trading on Thursday following a weaker than expected earnings announcement. The company traded as low as $84.63 and last traded at $86.27, with a volume of 125828 shares changing hands. The stock had previously closed at $90.98.

The financial services provider reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.18). Walker & Dunlop had a return on equity of 9.81% and a net margin of 8.91%.

Institutional Trading of Walker & Dunlop

A number of institutional investors and hedge funds have recently modified their holdings of the business. Erste Asset Management GmbH bought a new position in Walker & Dunlop in the 3rd quarter worth about $19,843,000. JPMorgan Chase & Co. lifted its holdings in shares of Walker & Dunlop by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 72,649 shares of the financial services provider’s stock worth $8,252,000 after buying an additional 16,481 shares in the last quarter. Quest Partners LLC boosted its position in shares of Walker & Dunlop by 2,259,700.0% in the third quarter. Quest Partners LLC now owns 22,598 shares of the financial services provider’s stock valued at $2,567,000 after acquiring an additional 22,597 shares during the period. Weiss Asset Management LP purchased a new position in Walker & Dunlop during the third quarter valued at approximately $1,568,000. Finally, International Assets Investment Management LLC increased its holdings in Walker & Dunlop by 11,259.2% during the 3rd quarter. International Assets Investment Management LLC now owns 13,631 shares of the financial services provider’s stock worth $1,548,000 after acquiring an additional 13,511 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

Walker & Dunlop Stock Performance

The company’s 50 day simple moving average is $97.16 and its 200-day simple moving average is $104.42. The firm has a market capitalization of $2.92 billion, a PE ratio of 30.95 and a beta of 1.55.

About Walker & Dunlop

Walker & Dunlop, Inc is a holding company, which engages in the provision of commercial real estate and finance services. It operates through the following segments: Capital Markets, Servicing and Asset Management, and Corporate. The Capital Markets segment offers a comprehensive range of commercial real estate finance products to customers.