Walter Investment Management Corp (WAC) Files Form 4 Insider Buying : Alvaro G Demolina Buys 25,000 Shares

Walter Investment Management Corp (WAC): Alvaro G Demolina , director of Walter Investment Management Corp purchased 25,000 shares on May 5, 2016. The Insider buying transaction was reported by the company on May 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.65 per share for a total value of $116,250.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 13, 2015, Gary Tillett (CFO) purchased 7,900 shares at $24.78 per share price.

Walter Investment Management Corp: On Friday, May 6, 2016 heightened volatility was witnessed in Walter Investment Management Corp which led to swings in the share price. The shares opened for trading at $4.35 and hit $4.66 on the upside , eventually ending the session at $4.65, with a gain of 5.92% or 0.26 points. The heightened volatility saw the trading volume jump to 3,97,159 shares. The 52-week high of the share price is $23.7 and the company has a market cap of $166 M . The 52-week low of the share price is at $4.31.

Walter Investment Management Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Walter Investment Management Corp is Reiterated by Compass Point to Sell while Lowering the Price Target of the company shares to $ 2.50 from a previous price target of $6 . The Rating was issued on May 4, 2016.Walter Investment Management Corp is Reiterated by FBR Capital to Underperform while Lowering the Price Target of the company shares to $ 3 from a previous price target of $7 . The Rating was issued on May 4, 2016.Walter Investment Management Corp is Reiterated by Compass Point to Sell while Lowering the Price Target of the company shares to $ 6 from a previous price target of $10 . The Rating was issued on Mar 9, 2016.Walter Investment Management Corp is Reiterated by Credit Suisse to Neutral while Lowering the Price Target of the company shares to $ 9 from a previous price target of $22 . The Rating was issued on Mar 7, 2016.Walter Investment Management Corp is Reiterated by Barclays to Underweight while Lowering the Price Target of the company shares to $ 7 from a previous price target of $10 . The Rating was issued on Mar 1, 2016.

Walter Investment Management Corp. is a mortgage banking firm focused on the servicing and origination of residential loans including reverse loans. The Company operates through six segments: Servicing segment perform servicing for third-party credit owners of mortgage loans as well as its own mortgage loan portfolio. Originations segment purchases and originates mortgage loans that are sold to third parties with servicing rights generally retained; Reverse Mortgage segment purchases and originates Home Equity Conversion Mortgage that are securitized but remain on the consolidated balance sheet as collateral for secured borrowings. Asset Receivables Management performs collections of post charge-off deficiency balances. Insurance provides voluntary insurance for residential loan borrowers and lender-placed hazard insurance for borrowers and credit owners as well as other ancillary products. Loans and Residuals consist of the assets and mortgage-backed debt of the Residual Trusts.

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Walter Investment Management Corp - Is it time to Sell?

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