Short Interest: Will Walter Investment Management Cor (NYSE:WAC) Run Out of Steam Soon? Short Interest is Up

November 21, 2016 - By Nellie Frank   ·   0 Comments

Short Interest: Will Walter Investment Management Cor (NYSE:WAC) Run Out of Steam Soon? Short Interest is Up

The stock of Walter Investment Management Cor (NYSE:WAC) registered an increase of 0.94% in short interest. WAC’s total short interest was 6.74M shares in November as published by FINRA. Its up 0.94% from 6.68M shares, reported previously. With 326,000 shares average volume, it will take short sellers 21 days to cover their WAC’s short positions. The short interest to Walter Investment Management Cor’s float is 45.03%. The stock closed at $5.8 during the last session. It is down 29.01% since April 19, 2016 and is downtrending. It has underperformed by 32.87% the S&P500.

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The company has a market cap of $216.26 million. The Firm operates through three divisions: Servicing, Originations and Reverse Mortgage. It currently has negative earnings. The Servicing segment consists of activities that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

Insitutional Activity: The institutional sentiment increased to 0.82 in 2016 Q2. Its up 0.22, from 0.6 in 2016Q1. The ratio improved, as 7 funds sold all Walter Investment Management Corp shares owned while 35 reduced positions. 9 funds bought stakes while 16 increased positions. They now own 35.05 million shares or 2.49% less from 35.95 million shares in 2016Q1.
Tiaa Cref Mgmt has 108,235 shares for 0% of their US portfolio. Dimensional Fund Advisors Limited Partnership owns 20,314 shares or 0% of their US portfolio. Geode Management Limited Liability Corporation accumulated 0% or 218,306 shares. Northern Tru Corporation last reported 0% of its portfolio in the stock. Creative Planning, a Kansas-based fund reported 1,334 shares. Int Grp Inc holds 11,155 shares or 0% of its portfolio. Sei Investments last reported 0% of its portfolio in the stock. Rhumbline Advisers holds 31,926 shares or 0% of its portfolio. Paloma Partners Co last reported 0.01% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) reported 480 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys holds 36,825 shares or 0% of its portfolio. State Common Retirement Fund holds 0% or 15,000 shares in its portfolio. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Walter Investment Management Corp (NYSE:WAC) for 2,184 shares. Blackrock Advisors Ltd, a Delaware-based fund reported 11,601 shares. Wells Fargo Mn has invested 0% of its portfolio in Walter Investment Management Corp (NYSE:WAC).

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 1 sale for $27,451 net activity. Another trade for 8,780 shares valued at $27,451 was made by Boyd Stuart Douglass on Wednesday, August 24.

Walter Investment Management Corp (NYSE:WAC) Ratings Coverage

Out of 5 analysts covering Walter Investment Management Corp (NYSE:WAC), 0 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 0 are positive. Walter Investment Management Corp has been the topic of 7 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock of Walter Investment Management Corp (NYSE:WAC) has “Underweight” rating given on Wednesday, August 10 by Barclays Capital. The company was upgraded on Tuesday, September 8 by Zacks. Zacks downgraded the stock to “Hold” rating in Tuesday, September 1 report. The firm has “Neutral” rating by Credit Suisse given on Monday, March 7. FBR Capital maintained Walter Investment Management Corp (NYSE:WAC) rating on Friday, November 6. FBR Capital has “Underperform” rating and $7 price target. The firm earned “Market Perform” rating on Monday, November 9 by Keefe Bruyette & Woods.

WAC Company Profile

Walter Investment Management Corp., incorporated on June 10, 1997, is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Firm operates through three divisions: Servicing, Originations and Reverse Mortgage. The Firm 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 Firm 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.

More notable recent Walter Investment Management Corp (NYSE:WAC) news were published by: Reuters.com which released: “BRIEF-Walter Investment Management Corp. Announces Execution of MSR Purcha…” on November 16, 2016, also Prnewswire.com with their article: “Walter Investment Management Corp. Announces Execution of MSR Purchase and …” published on November 16, 2016, Prnewswire.com published: “Walter Investment Management Corp. Announces the Hiring of Alfred W. Young, Jr …” on October 17, 2016. More interesting news about Walter Investment Management Corp (NYSE:WAC) were released by: Prnewswire.com and their article: “Walter Investment Management Corp. Announces Second Quarter 2016 Highlights …” published on August 09, 2016 as well as Prnewswire.com‘s news article titled: “Walter Investment Management Corp. Announces Full Year And Fourth Quarter 2015 …” with publication date: February 29, 2016.

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By Nellie Frank


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