loanDepot, Inc. (NYSE:LDI) Shares Acquired by Quadrature Capital Ltd

Quadrature Capital Ltd increased its holdings in shares of loanDepot, Inc. (NYSE:LDI) by 153.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 84,531 shares of the company’s stock after purchasing an additional 51,231 shares during the quarter. Quadrature Capital Ltd’s holdings in loanDepot were worth $230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cetera Advisors LLC increased its position in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in loanDepot by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock valued at $1,683,000 after purchasing an additional 57,546 shares during the last quarter. American Century Companies Inc. increased its holdings in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the last quarter. Dimensional Fund Advisors LP raised its position in loanDepot by 390.6% in the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after purchasing an additional 158,221 shares during the period. Finally, 272 Capital LP lifted its stake in loanDepot by 107.4% during the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Anthony Li Hsieh sold 242,355 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.04, for a total transaction of $494,404.20. Following the completion of the transaction, the director now owns 3,154,253 shares in the company, valued at approximately $6,434,676.12. The trade was a 7.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeff Alexander Walsh sold 36,811 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total value of $97,917.26. Following the completion of the transaction, the insider now directly owns 4,035,317 shares in the company, valued at $10,733,943.22. This trade represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 989,142 shares of company stock valued at $2,219,315 in the last three months. 83.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LDI has been the topic of several research analyst reports. The Goldman Sachs Group boosted their price objective on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th. UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

loanDepot Stock Down 2.5 %

loanDepot stock opened at $2.14 on Wednesday. The firm has a market capitalization of $698.15 million, a P/E ratio of -4.21 and a beta of 3.42. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a twelve month low of $1.52 and a twelve month high of $3.71. The stock’s fifty day simple moving average is $2.30 and its 200-day simple moving average is $2.24.

loanDepot Profile

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.