Walter Investment Management Corp. (NYSE:WAC) is on recovery track with 52.68% gain from a 1-year low price of $0.3. The company lost -12.17% to attain the price of $0.46 on 10/16/2017. Throughout the recent session, the prices were hovering between $0.45 and $0.54. These shares are -100% up from its target price of $0 and the current market capitalization stands at $17.04M. The recent change has given its price a -6.23% deficit over SMA 50 and -94.31% deficit over its 52-week high. The stock witnessed 2.47% gains, -37.41% declines and -56.09% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found WAC’s volatility during a week at 10.95% and during a month it has been found around 15.81%.Walter Investment Management Corp. (WAC) Top Holders
Institutional investors currently hold around $11 million or 82% in WAC stock. Look at its top three institutional owners. Birch Run Capital Advisors, Lp owns $3.92 million in Walter Investment Management Corp., which represents roughly 23.03% of the company’s market cap and approximately 35.67% of the institutional ownership. Similar statistics are true for the second largest owner, Millennium Management Llc, which owns 1,802,554 shares of the stock are valued at $946 thousand. The third largest holder is Arrowgrass Capital Partners (Us) Lp, which currently holds $880 thousand worth of this stock and that ownership represents nearly 5.16% of its market capitalization.
At the end of June reporting period, 27 institutional holders increased their position in Walter Investment Management Corp. (NYSE:WAC) by some 4,540,864 shares, 49 decreased positions by 7,121,973 and 6 held positions by 9,224,838. That puts total institutional holdings at 20,887,675 shares, according to SEC filings. The stock grabbed 9 new institutional investments totaling 1,089,218 shares while 25 institutional investors sold out their entire positions totaling 4,920,026 shares.Walter Investment Management Corp. (NYSE:WAC) Insider Trades
Multiple company employees have indulged in significant insider trading. Walter Investment Management Corp. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that SVP & Deputy GC Boyd Stuart Douglass has sold 8,780 shares of Walter Investment Management Corp. (WAC) in trading session dated Aug. 24, 2016. These shares are worth $27,481 and were traded at $3.13 each. The SEC filing shows that Pappas James L performed a purchase of 5,000 shares. The Director added these shares by way of transaction on May. 09, 2016. The company’s shares were assimilated at $4.68 per share worth to an investment of some $23,400 on account of Pappas James L.
EVP & COO; President of Ditech, Schneider David C, purchased 21,505 common shares of Walter Investment Management Corp. (WAC) in the open market. In a transaction dated May. 06, 2016, the shares were bought at an average price of $4.63, giving away a sum of $99,568. After this purchase, 47,844 common shares of WAC are directly owned by the insider, with total stake valued at $22,008.
In the transaction dated May. 05, 2016, the great number of shares acquired came courtesy the Director; Demolina Alvaro G added a total of 25,000 shares at an average price of $4.65, amounting to approximately $116,250. The insider now directly owns 40,392 shares worth $18,580.Walter Investment Management Corp. (WAC) Analyst Guide
Several analysts have released their opinion on Walter Investment Management Corp. (NYSE:WAC), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 0 buy, 1 sell and 0 strong sell ratings, collectively assigning a 4 average brokerage recommendation.