Trading was light with 130K shares changing hands by the end of trading on Tuesday. Trading volume was down 77.89% under the stocks average daily volume.
Traders are feeling more bearish on Walter Investment Management Co of late as indicated by the motion in short interest. The stock realized a rise in short interest from September 29, 2017 to October 13, 2017 of 4.98%. Short interest grew 159,727 over that timeframe. Days to cover increased from 2.0 to 7.0 and the short interest percentage is 0.09% as of October 13.
These firms have modified their investment in WAC. Lion Point Capital, Lp grew its investment by buying 555,803 shares an increase of 61.8% from 03/31/2017 to 06/30/2017. Lion Point Capital, Lp now controls 1,455,803 shares valued at $1,378,000. The value of the position overall is up by 41.8%. Cutler Group LP downsized its holdings by selling 1,900 shares a decrease of 76.0% as of 09/30/2017. Cutler Group LP currently owns 600 shares worth $1,000. The total value of its holdings increased inf%.
Meeder Asset Management Inc augmented its stake by buying 1,912 shares an increase of 245.1% in the quarter. Meeder Asset Management Inc controls 2,692 shares with a value of $2,000. The value of the position overall is up by 100.0%. Simplex Trading, LLC cut its position by shedding 6,281 shares a decrease of 81.9%. Simplex Trading, LLC owns 1,388 shares worth $0. The total value of its holdings decreased 100.0%.
The company is so far trading unchanged by % since yesterday’s close of $0.44. Shares of the company are trading at $0.44 which is significantly below the 50 day moving average of $0.53 and much lower than the 200 day moving average of $0.79. The 50 day moving average moved down $-0.09 and the 200 day average went down $-0.36 or -44.9184%.
As of the latest earnings report the EPS was $-7.18 and is estimated to be $-1.95 for the current year with 36,541,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $-0.45 and the next full year EPS is anticipated to be $-1.90.
Walter Investment Management Corp., launched on June 10, 1997, is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Company service an array of loans across the credit for its own portfolio and for government-sponsored enterprises (GSEs), government agencies, third-party securitization trusts and other credit owners. The Company originates residential loans that it sells to (GSE) and government entities through its consumer and correspondent lending channels. In addition, it operate several other businesses, which include managing a portfolio of credit-challenged, non-conforming residential mortgage loans; an insurance agency serving borrowers and credit owners of its servicing portfolio; a post charge-off collection agency, and an asset management business through its securities and exchange commission (SEC) registered investment advisor..