Bridgeway Capital Management LLC Has $2.16 Million Stock Holdings in loanDepot, Inc. (NYSE:LDI)

Bridgeway Capital Management LLC lowered its stake in loanDepot, Inc. (NYSE:LDI) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,057,853 shares of the company’s stock after selling 88,353 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.32% of loanDepot worth $2,158,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc raised its holdings in shares of loanDepot by 29.2% in the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock valued at $58,000 after purchasing an additional 6,397 shares during the period. LPL Financial LLC increased its position in loanDepot by 39.3% during the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock worth $82,000 after buying an additional 11,286 shares during the last quarter. Empowered Funds LLC raised its stake in loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after buying an additional 11,647 shares during the period. American Century Companies Inc. lifted its position in shares of loanDepot by 12.8% in the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company’s stock valued at $245,000 after buying an additional 13,628 shares during the last quarter. Finally, Aquatic Capital Management LLC bought a new position in shares of loanDepot during the 4th quarter worth approximately $30,000. 39.39% of the stock is owned by institutional investors and hedge funds.

loanDepot Stock Performance

Shares of NYSE:LDI opened at $1.14 on Friday. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $3.23. The business has a 50 day moving average of $1.26 and a 200-day moving average of $1.73. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock has a market cap of $374.24 million, a PE ratio of -2.19, a P/E/G ratio of 0.25 and a beta of 3.38.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). loanDepot had a negative net margin of 8.95% and a negative return on equity of 14.66%. The firm had revenue of $273.62 million during the quarter, compared to analyst estimates of $275.11 million. As a group, equities research analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, UBS Group reduced their price objective on shares of loanDepot from $1.35 to $1.25 and set a “neutral” rating for the company in a research report on Wednesday, April 16th.

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.