Envestnet Asset Management Inc. Sells 12,239 Shares of loanDepot, Inc. (NYSE:LDI)

Envestnet Asset Management Inc. reduced its position in shares of loanDepot, Inc. (NYSE:LDI) by 22.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,351 shares of the company’s stock after selling 12,239 shares during the period. Envestnet Asset Management Inc.’s holdings in loanDepot were worth $86,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at approximately $54,000. RPO LLC bought a new stake in shares of loanDepot in the 4th quarter valued at about $55,000. Quantbot Technologies LP acquired a new position in shares of loanDepot in the 4th quarter worth approximately $56,000. Atria Investments Inc raised its position in shares of loanDepot by 29.2% in the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock worth $58,000 after acquiring an additional 6,397 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of loanDepot by 39.3% during the 4th quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock worth $82,000 after buying an additional 11,286 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

loanDepot Price Performance

Shares of NYSE:LDI opened at $1.15 on Friday. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $3.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock’s fifty day simple moving average is $1.27 and its two-hundred day simple moving average is $1.73. The stock has a market cap of $375.88 million, a PE ratio of -2.20, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38.

loanDepot (NYSE:LDI) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The business had revenue of $273.62 million during the quarter, compared to the consensus estimate of $275.11 million. loanDepot had a negative net margin of 8.95% and a negative return on equity of 14.66%. As a group, analysts forecast that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.

loanDepot Company 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.