New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 16, 2014
05:32 EDTWACWalter Investment downgraded to Hold from Buy at Jefferies
Jefferies downgraded Walter Investment to Hold saying consensus expectations for 2015 and 2016 look "overly bullish." The firm cut its price target for shares to $27 from $38.
News For WAC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 23, 2015
16:30 EDTWACWalter Investment agrees to increase board to 11 directors
Subscribe for More Information
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."

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use