loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Purchases 107,099 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 107,099 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $0.89 per share, with a total value of $95,318.11. Following the completion of the purchase, the chief executive officer owned 107,099 shares of the company’s stock, valued at approximately $95,318.11. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The stock was acquired at an average price of $0.92 per share, with a total value of $335,217.64.

loanDepot Trading Down 4.8%

NYSE LDI opened at $0.88 on Thursday. loanDepot, Inc. has a one year low of $0.83 and a one year high of $5.05. The company has a debt-to-equity ratio of 10.60, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $296.94 million, a P/E ratio of -2.93 and a beta of 3.37. The stock’s 50-day moving average is $1.05 and its 200-day moving average is $1.37.

Analyst Upgrades and Downgrades

LDI has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Zacks Research raised shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a report on Monday, August 10th. Finally, Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $1.92.

Institutional Trading of loanDepot

Several hedge funds have recently added to or reduced their stakes in LDI. State Street Corp boosted its stake in shares of loanDepot by 0.4% in the 4th quarter. State Street Corp now owns 1,640,154 shares of the company’s stock valued at $3,395,000 after purchasing an additional 5,800 shares during the last quarter. LPL Financial LLC raised its stake in loanDepot by 8.3% during the fourth quarter. LPL Financial LLC now owns 82,045 shares of the company’s stock worth $170,000 after buying an additional 6,321 shares during the last quarter. Harbour Investments Inc. raised its stake in loanDepot by 94.7% during the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after buying an additional 8,522 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in loanDepot by 26.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,286 shares of the company’s stock valued at $109,000 after buying an additional 11,003 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in loanDepot in the third quarter valued at $35,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.