OMERS ADMINISTRATION Corp Buys Shares of 170,800 loanDepot, Inc. (NYSE:LDI)

OMERS ADMINISTRATION Corp bought a new stake in loanDepot, Inc. (NYSE:LDI) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 170,800 shares of the company’s stock, valued at approximately $348,000. OMERS ADMINISTRATION Corp owned 0.05% of loanDepot as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LDI. Aquatic Capital Management LLC acquired a new position in loanDepot in the fourth quarter valued at approximately $30,000. Alpine Global Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $33,000. Boothbay Fund Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $41,000. RPO LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $55,000. Finally, Quantbot Technologies LP acquired a new position in shares of loanDepot during the fourth quarter worth approximately $56,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

loanDepot Stock Performance

Shares of NYSE LDI opened at $1.24 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.68. The company has a market cap of $405.43 million, a PE ratio of -2.38, a P/E/G ratio of 0.25 and a beta of 3.38. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $3.23.

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

About loanDepot

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.