Anthony Li Hsieh Purchases 364,367 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 364,367 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were bought at an average cost of $0.92 per share, for a total transaction of $335,217.64. Following the transaction, the chief executive officer owned 471,466 shares of the company’s stock, valued at $433,748.72. The trade was a 340.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, August 24th, Anthony Li Hsieh purchased 107,099 shares of loanDepot stock. The shares were bought at an average price of $0.89 per share, with a total value of $95,318.11.

loanDepot Stock Down 4.8%

NYSE LDI traded down $0.04 on Wednesday, reaching $0.88. The company had a trading volume of 1,935,215 shares, compared to its average volume of 2,582,272. The stock has a market capitalization of $296.94 million, a P/E ratio of -2.93 and a beta of 3.37. The company’s fifty day moving average is $1.06 and its 200 day moving average is $1.38. loanDepot, Inc. has a 52-week low of $0.83 and a 52-week high of $5.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LDI shares. The Goldman Sachs Group set a $1.00 target price on shares of loanDepot in a report on Monday, August 10th. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research report on Friday, July 17th. Finally, Zacks Research upgraded shares of loanDepot from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $1.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. purchased a new stake in shares of loanDepot during the 3rd quarter valued at $35,000. Harbour Investments Inc. grew its position in loanDepot by 94.7% during the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock valued at $36,000 after buying an additional 8,522 shares during the period. Bank of Montreal Can bought a new position in loanDepot during the fourth quarter valued at about $38,000. Insigneo Advisory Services LLC purchased a new stake in loanDepot during the fourth quarter worth about $39,000. Finally, BNP Paribas Financial Markets increased its holdings in loanDepot by 179.5% during the third quarter. BNP Paribas Financial Markets now owns 19,420 shares of the company’s stock worth $60,000 after buying an additional 12,472 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

loanDepot Company Profile

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.