Dimensional Fund Advisors LP Buys 157,274 Shares of loanDepot, Inc. (NYSE:LDI)

Dimensional Fund Advisors LP grew its stake in shares of loanDepot, Inc. (NYSE:LDI) by 83.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 344,705 shares of the company’s stock after acquiring an additional 157,274 shares during the quarter. Dimensional Fund Advisors LP owned about 0.11% of loanDepot worth $703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atria Investments Inc increased its holdings in shares of loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock valued at $58,000 after acquiring an additional 6,397 shares in the last quarter. LPL Financial LLC boosted its position in shares of loanDepot by 39.3% during the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock valued at $82,000 after buying an additional 11,286 shares during the last quarter. Empowered Funds LLC boosted its position in shares of loanDepot by 5.0% during the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after buying an additional 11,647 shares during the last quarter. American Century Companies Inc. boosted its position in shares of loanDepot by 12.8% during the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company’s stock valued at $245,000 after buying an additional 13,628 shares during the last quarter. Finally, Walleye Capital LLC boosted its position in shares of loanDepot by 5.9% during the fourth quarter. Walleye Capital LLC now owns 347,997 shares of the company’s stock valued at $710,000 after buying an additional 19,476 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their target price on loanDepot from $1.35 to $1.25 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th.

loanDepot Trading Up 1.2%

Shares of NYSE:LDI opened at $1.24 on Friday. loanDepot, Inc. has a 52-week low of $1.01 and a 52-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. The stock has a market capitalization of $405.43 million, a price-to-earnings ratio of -2.38, a PEG ratio of 0.25 and a beta of 3.38. The stock’s 50-day simple moving average is $1.20 and its two-hundred day simple moving average is $1.70.

loanDepot (NYSE:LDI) last issued its earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The business had revenue of $273.62 million for 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%. Analysts expect that loanDepot, Inc. will post -0.23 EPS for the current year.

About loanDepot

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.