JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
William M. Walker, Chairman and CEO of Walker & Dunlop, Inc. (NYSE:WD), recently acquired a significant amount of company stock, according to a recent SEC filing. On March 6, Walker purchased a total of 17,500 shares of common stock in transactions valued at approximately $1.5 million. The shares were acquired at prices ranging from $86.14 to $86.80 per share. The company, currently valued at $2.9 billion, maintains a solid dividend program with seven consecutive years of dividend increases.
Following these transactions, Walker’s direct ownership in Walker & Dunlop increased to 411,270 shares. Additionally, Walker holds indirect ownership of 540,147 shares through Walker Family Holdings LLC and an additional 11,865 shares as custodian for his sons.
These acquisitions reinforce Walker’s confidence in the company’s future prospects as Walker & Dunlop continues to navigate the finance services sector.
In other recent news, Walker & Dunlop reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of $1.34, compared to the forecasted $1.21. The company also exceeded revenue forecasts, reporting $341.5 million against the projected $311.48 million. Despite these positive earnings, Walker & Dunlop’s stock experienced a pre-market decline of 4.51%. In another development, Walker & Dunlop announced the pricing of a $400 million senior unsecured notes offering at an interest rate of 6.625%, with proceeds intended to reduce existing debt and cover general corporate expenses. Furthermore, Moody’s Ratings upgraded the company’s senior secured bank credit facility rating to Baa3 from Ba1, reflecting improvements in the firm’s debt capital structure. Keefe, Bruyette & Woods recently adjusted its price target for Walker & Dunlop to $105 from $120, maintaining a Market Perform rating due to revised earnings projections. Additionally, Keefe, Bruyette & Woods upgraded Walker & Dunlop stock from "Market Perform" to "Outperform," citing anticipated improvements in multifamily rent growth and demand for acquisitions. These developments highlight the company’s ongoing strategic adjustments and market activities.
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