Requisite Capital Management LLC Sells 10,000 Shares of loanDepot, Inc. (NYSE:LDI)

Requisite Capital Management LLC lowered its position in shares of loanDepot, Inc. (NYSE:LDI) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,000 shares of the company’s stock after selling 10,000 shares during the period. Requisite Capital Management LLC’s holdings in loanDepot were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in shares of loanDepot by 21.0% during the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock worth $1,968,000 after buying an additional 125,059 shares in the last quarter. Barclays PLC bought a new position in loanDepot during the third quarter worth about $2,180,000. Jane Street Group LLC acquired a new stake in loanDepot in the 3rd quarter worth about $54,000. Quadrature Capital Ltd boosted its holdings in loanDepot by 153.8% in the 3rd quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock valued at $230,000 after purchasing an additional 51,231 shares during the period. Finally, Verition Fund Management LLC grew its position in shares of loanDepot by 293.5% during the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after purchasing an additional 41,767 shares in the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

loanDepot Stock Down 1.4 %

LDI stock opened at $1.76 on Friday. The company’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.26. loanDepot, Inc. has a 12 month low of $1.52 and a 12 month high of $3.23. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16.

Insider Buying and Selling at loanDepot

In other loanDepot news, insider Jeff Alexander Walsh sold 66,666 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total value of $168,664.98. Following the completion of the transaction, the insider now owns 3,938,792 shares of the company’s stock, valued at $9,965,143.76. This represents a 1.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony Li Hsieh sold 255,428 shares of loanDepot stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $2.11, for a total value of $538,953.08. Following the sale, the director now directly owns 7,672,258 shares in the company, valued at $16,188,464.38. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,359,358 shares of company stock worth $3,001,142 over the last three months. Corporate insiders own 83.04% of the company’s stock.

Analyst Ratings Changes

Separately, The Goldman Sachs Group boosted their price target on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th.

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.