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Stock Market & Financial Investment News

News Breaks
March 20, 2013
08:07 EDTWACWalter Investment upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Walter Investment to Buy from Neutral. The firm upgraded the stock based on valuation, as it believes that the sell-off in the shares yesterday was unwarranted. Price target to $45 from $50.
News For WAC From The Last 14 Days
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November 23, 2015
16:30 EDTWACWalter Investment agrees to increase board to 11 directors
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November 17, 2015
17:20 EDTWACWalter Investment shares jump after reaching consensus with Birch hedge fund
Shares of Walter Investment Management (WAC) jumped 11.94% to $11.16 on Tuesday after the company announced the appointment of Daniel Beltzman, co-founder of hedge fund Birch Run Capital, to its board of directors. Walter Chief Executive Officer Denmar Dixon commented that the company is "firmly committed" to enhancing shareholder value and has maintained a "longstanding and constructive dialogue with Birch Run." In connection with the appointment, the company also said Birch entered into an agreement permitting it to acquire up to 25% of Walter's common stock while also agreeing to vote its shares in support of the company's current directors. Additionally, Walter Investment said it plans to appoint a new non-management director "as soon as practicable."

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