Anthony Li Hsieh Buys 133,417 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDIGet Rating) Chairman Anthony Li Hsieh acquired 133,417 shares of the business’s stock in a transaction that occurred on Tuesday, September 13th. The stock was acquired at an average price of $1.59 per share, for a total transaction of $212,133.03. Following the completion of the acquisition, the chairman now directly owns 3,760,204 shares of the company’s stock, valued at $5,978,724.36. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, September 15th, Anthony Li Hsieh bought 49,287 shares of loanDepot stock. The stock was purchased at an average cost of $1.60 per share, with a total value of $78,859.20.
  • On Monday, August 29th, Anthony Li Hsieh bought 176,862 shares of loanDepot stock. The stock was purchased at an average cost of $1.59 per share, with a total value of $281,210.58.
  • On Friday, August 26th, Anthony Li Hsieh bought 428 shares of loanDepot stock. The stock was purchased at an average cost of $1.60 per share, with a total value of $684.80.
  • On Monday, August 22nd, Anthony Li Hsieh bought 131,923 shares of loanDepot stock. The stock was purchased at an average cost of $1.60 per share, with a total value of $211,076.80.

loanDepot Stock Down 1.9 %

loanDepot stock opened at $1.57 on Friday. The company has a market cap of $491.91 million, a P/E ratio of -3.41 and a beta of 2.08. loanDepot, Inc. has a 1-year low of $1.34 and a 1-year high of $8.89. The company has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $2.53. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 2.42.

loanDepot (NYSE:LDIGet Rating) last released its earnings results on Tuesday, August 9th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.85). The business had revenue of $308.64 million during the quarter, compared to the consensus estimate of $363.13 million. loanDepot had a negative net margin of 3.10% and a negative return on equity of 4.87%. Research analysts anticipate that loanDepot, Inc. will post -1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on LDI shares. Piper Sandler lowered their target price on shares of loanDepot from $3.50 to $3.00 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. Credit Suisse Group lowered their price objective on shares of loanDepot to $3.25 in a research report on Monday, August 22nd. The Goldman Sachs Group increased their price objective on shares of loanDepot to $1.70 and gave the stock a “neutral” rating in a research report on Wednesday, July 13th. Finally, Barclays lowered their price objective on shares of loanDepot from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, loanDepot has an average rating of “Hold” and a consensus target price of $4.56.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in loanDepot by 61.8% in the first quarter. Vanguard Group Inc. now owns 2,420,998 shares of the company’s stock valued at $10,047,000 after purchasing an additional 925,002 shares in the last quarter. Brandywine Global Investment Management LLC acquired a new stake in loanDepot in the second quarter valued at $3,070,000. Renaissance Technologies LLC lifted its stake in loanDepot by 39.4% in the second quarter. Renaissance Technologies LLC now owns 1,100,305 shares of the company’s stock valued at $1,584,000 after acquiring an additional 310,820 shares during the last quarter. State Street Corp lifted its stake in loanDepot by 10.0% in the first quarter. State Street Corp now owns 664,348 shares of the company’s stock valued at $2,757,000 after acquiring an additional 60,638 shares during the last quarter. Finally, EMG Holdings L.P. acquired a new stake in loanDepot in the second quarter valued at $707,000. Institutional investors own 4.12% of the company’s stock.

About loanDepot

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loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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.

See Also

Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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