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

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 107,099 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $0.89 per share, with a total value of $95,318.11. Following the completion of the purchase, the chief executive officer owned 107,099 shares in the company, valued at approximately $95,318.11. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Thursday, August 27th, Anthony Li Hsieh acquired 38,612 shares of loanDepot stock. The stock was bought at an average price of $0.94 per share, with a total value of $36,295.28.
• On Wednesday, August 26th, Anthony Li Hsieh acquired 284,349 shares of loanDepot stock. The shares were bought at an average cost of $0.89 per share, for a total transaction of $253,070.61.
• On Tuesday, August 25th, Anthony Li Hsieh bought 364,367 shares of loanDepot stock. The shares were bought at an average price of $0.92 per share, for a total transaction of $335,217.64.

loanDepot Trading Up 10.3%

Shares of LDI opened at $0.97 on Friday. loanDepot, Inc. has a twelve month low of $0.83 and a twelve month high of $5.05. 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 capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. The firm’s 50-day moving average is $1.05 and its two-hundred day moving average is $1.36.

Key loanDepot News

Here are the key news stories impacting loanDepot this week:

• Positive Sentiment: Hsieh purchased 38,612 shares on August 27 at an average price of $0.94, investing approximately $36,295 and increasing his position by 5.11%. SEC Form 4 filing
• Positive Sentiment: He also bought 284,349 shares on August 26 at $0.89 per share, worth approximately $253,071, expanding his ownership by 60.31%. Together with purchases on August 24 and 25, the disclosed buying represents a significant increase in insider exposure to LDI. Anthony Li Hsieh insider buying report
• Positive Sentiment: A separate report said Hsieh purchased more than 471,000 shares through the JLSSAA Trust, adding to the impression that a major insider is supporting the stock at sub-$1 prices. JLSSAA Trust share purchase report

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On loanDepot

A number of large investors have recently bought and sold shares of LDI. Russell Investments Group Ltd. purchased a new position in loanDepot during the third quarter worth $35,000. Harbour Investments Inc. lifted its position in shares of loanDepot by 94.7% in the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock valued at $36,000 after acquiring an additional 8,522 shares in the last quarter. Bank of Montreal Can purchased a new stake in shares of loanDepot in the fourth quarter valued at $38,000. Insigneo Advisory Services LLC acquired a new stake in shares of loanDepot during the 4th quarter worth about $39,000. Finally, BNP Paribas Financial Markets boosted its position in loanDepot by 179.5% during the third quarter. BNP Paribas Financial Markets now owns 19,420 shares of the company’s stock worth $60,000 after acquiring an additional 12,472 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.