loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Acquires 107,099 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 107,099 shares of the business’s stock in a transaction on Monday, August 24th. The shares were purchased at an average price of $0.89 per share, with a total value of $95,318.11. Following the acquisition, the chief executive officer directly owned 107,099 shares in the company, valued at $95,318.11. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony Li Hsieh also recently made the following trade(s):

• On Tuesday, August 25th, Anthony Li Hsieh acquired 364,367 shares of loanDepot stock. The stock was purchased at an average cost of $0.92 per share, for a total transaction of $335,217.64.

loanDepot Price Performance

Shares of LDI traded down $0.04 during mid-day trading on Wednesday, hitting $0.88. 1,956,594 shares of the stock were exchanged, compared to its average volume of 2,582,272. The company has a market cap of $296.94 million, a PE ratio of -2.93 and a beta of 3.37. loanDepot, Inc. has a 52-week low of $0.83 and a 52-week high of $5.05. The firm has a 50-day moving average of $1.06 and a two-hundred day moving average of $1.38. The company has a debt-to-equity ratio of 10.60, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Ratings Changes

LDI has been the topic of a number of recent research reports. Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a research note on Monday, August 10th. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research report on Friday, July 17th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $1.92.

Institutional Trading of loanDepot

Institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. purchased a new position in loanDepot during the third quarter worth $35,000. Harbour Investments Inc. lifted its holdings in shares of loanDepot by 94.7% in the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after acquiring an additional 8,522 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of loanDepot in the 4th quarter worth about $38,000. Insigneo Advisory Services LLC purchased a new position in shares of loanDepot during the 4th quarter worth about $39,000. Finally, Invesco Ltd. purchased a new position in shares of loanDepot during the 1st quarter worth about $44,000. 39.39% of the stock is currently owned by institutional investors.

loanDepot Company Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.