Anthony Li Hsieh Acquires 284,349 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 284,349 shares of loanDepot stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $0.89 per share, with a total value of $253,070.61. Following the transaction, the chief executive officer owned 755,815 shares of the company’s stock, valued at $672,675.35. This trade represents a 60.31% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The stock was bought at an average price of $0.94 per share, for a total transaction of $36,295.28.
• On Tuesday, August 25th, Anthony Li Hsieh bought 364,367 shares of loanDepot stock. The shares were bought at an average cost of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Li Hsieh purchased 107,099 shares of loanDepot stock. The shares were bought at an average price of $0.89 per share, with a total value of $95,318.11.

loanDepot Trading Down 1.5%

NYSE:LDI opened at $0.96 on Friday. loanDepot, Inc. has a 12 month low of $0.83 and a 12 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’s 50 day moving average is $1.04 and its 200 day moving average is $1.36. The stock has a market capitalization of $323.97 million, a PE ratio of -3.20 and a beta of 3.37.

Institutional Investors Weigh In On loanDepot

Several institutional investors have recently made changes to their positions in the stock. Millennium Management LLC boosted its holdings in shares of loanDepot by 622.6% in the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the period. UBS Group AG raised 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 valued at $6,201,000 after purchasing an additional 1,855,136 shares during the period. Wasatch Advisors LP purchased a new stake in loanDepot during the 4th quarter worth about $3,229,000. Geode Capital Management LLC lifted its holdings in loanDepot by 134.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,104,021 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in loanDepot in the 1st quarter worth about $1,318,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.