Walter Investment Management Corp (WAC): Today's Featured Financial Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Walter Investment Management ( WAC) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 1.0%. By the end of trading, Walter Investment Management fell $0.83 (-2.5%) to $32.21 on average volume. Throughout the day, 727,703 shares of Walter Investment Management exchanged hands as compared to its average daily volume of 920,600 shares. The stock ranged in price between $31.88-$33.07 after having opened the day at $32.91 as compared to the previous trading day's close of $33.04. Other companies within the Financial sector that declined today were: Jacksonville Bancorp Inc (FL ( JAXB), down 10.0%, Taylor Capital Group ( TAYC), down 8.3%, California First National Bancorp ( CFNB), down 6.7% and China HGS Real Estate ( HGSH), down 6.4%.
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Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. Walter Investment Management has a market cap of $1.2 billion and is part of the real estate industry. Shares are down 23.2% year to date as of the close of trading on Thursday.

TheStreet Ratings rates Walter Investment Management as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and weak operating cash flow.

On the positive front, Homex Development ( HXM), down 40.5%, American Spectrum Realty ( AQQ), down 11.1%, Vestin Realty Mortgage II ( VRTB), down 10.6% and Royal Bancshares of Pennsylvania ( RBPAA), down 9.3% , were all gainers within the financial sector with SunTrust Banks ( STI) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

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