450,000 Shares in loanDepot, Inc. $LDI Bought by Alight Capital Management LP

Alight Capital Management LP purchased a new stake in loanDepot, Inc. (NYSE:LDI) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 450,000 shares of the company’s stock, valued at approximately $1,382,000. Alight Capital Management LP owned 0.14% of loanDepot as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of LDI. Jones Financial Companies Lllp boosted its holdings in shares of loanDepot by 8,934.0% during the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after acquiring an additional 8,934 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of loanDepot in the 3rd quarter worth about $31,000. Traynor Capital Management Inc. acquired a new stake in shares of loanDepot in the 3rd quarter worth about $31,000. CWM LLC bought a new stake in loanDepot in the 3rd quarter valued at about $32,000. Finally, Russell Investments Group Ltd. bought a new stake in loanDepot in the 3rd quarter valued at about $35,000. Institutional investors own 39.39% of the company’s stock.

loanDepot Stock Performance

LDI stock opened at $1.59 on Friday. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $528.18 million, a P/E ratio of -5.47, a P/E/G ratio of 0.37 and a beta of 3.47. The firm has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $2.65. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $5.05.

loanDepot (NYSE:LDI) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.06). The firm had revenue of $316.27 million for the quarter, compared to analyst estimates of $333.29 million. loanDepot had a negative net margin of 5.27% and a negative return on equity of 17.66%. Research analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Anthony Li Hsieh sold 884,495 shares of loanDepot stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $2.70, for a total value of $2,388,136.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,600,000 shares of company stock worth $6,561,770 in the last 90 days. Company insiders own 78.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LDI. Bank of America set a $1.75 price objective on loanDepot in a report on Monday, December 1st. The Goldman Sachs Group set a $2.40 price target on loanDepot in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Thursday, January 22nd. Finally, BTIG Research reissued a “neutral” rating on shares of loanDepot in a report on Wednesday. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $2.38.

About loanDepot

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.