LPL Financial LLC Acquires 11,286 Shares of loanDepot, Inc. (NYSE:LDI)

LPL Financial LLC lifted its holdings in loanDepot, Inc. (NYSE:LDI) by 39.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,035 shares of the company’s stock after purchasing an additional 11,286 shares during the period. LPL Financial LLC’s holdings in loanDepot were worth $82,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC acquired a new position in loanDepot during the 3rd quarter valued at about $2,180,000. Geode Capital Management LLC boosted its holdings in loanDepot by 21.0% in the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares during the last quarter. Empowered Funds LLC boosted its position in loanDepot by 5.0% in the 4th quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock worth $500,000 after purchasing an additional 11,647 shares in the last quarter. Jane Street Group LLC purchased a new position in loanDepot during the third quarter worth approximately $54,000. Finally, American Century Companies Inc. raised its position in loanDepot by 12.8% during the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company’s stock worth $245,000 after acquiring an additional 13,628 shares during the period. 39.39% of the stock is currently owned by institutional investors.

loanDepot Trading Up 2.3 %

Shares of LDI stock opened at $1.14 on Friday. The stock has a market capitalization of $372.60 million, a P/E ratio of -2.18, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38. The company has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.77. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.23. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16.

Wall Street Analyst Weigh In

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

loanDepot Profile

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.