Anthony Li Hsieh Buys 38,612 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 38,612 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was purchased at an average price of $0.94 per share, for a total transaction of $36,295.28. Following the completion of the acquisition, the chief executive officer owned 794,427 shares of the company’s stock, valued at approximately $746,761.38. This trade represents a 5.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 26th, Anthony Li Hsieh purchased 284,349 shares of loanDepot stock. The stock was purchased at an average cost of $0.89 per share, with a total value of $253,070.61.
• On Tuesday, August 25th, Anthony Li Hsieh acquired 364,367 shares of loanDepot stock. The stock was purchased at an average price of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Li Hsieh acquired 107,099 shares of loanDepot stock. The shares were acquired at an average cost of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Stock Performance

LDI stock opened at $0.96 on Friday. The business’s 50-day moving average price is $1.04 and its two-hundred day moving average price is $1.36. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.60. The firm has a market cap of $323.97 million, a PE ratio of -3.20 and a beta of 3.37. loanDepot, Inc. has a 1-year low of $0.83 and a 1-year high of $5.05.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. The Goldman Sachs Group set a $1.00 target price on loanDepot in a research note on Monday, August 10th. Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a report on Friday, July 17th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $1.92.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LDI. Millennium Management LLC raised its position in loanDepot by 622.6% in the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock valued at $17,255,000 after buying an additional 4,842,751 shares during the last quarter. UBS Group AG grew its stake in shares of loanDepot by 1,125.1% during the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after acquiring an additional 1,855,136 shares in the last quarter. Wasatch Advisors LP bought a new position in shares of loanDepot during the 4th quarter worth approximately $3,229,000. Geode Capital Management LLC raised its holdings in shares of loanDepot by 134.4% in the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock valued at $2,446,000 after purchasing an additional 1,104,021 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in shares of loanDepot in the first quarter valued at approximately $1,318,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.