Wasatch Advisors LP Has $2.87 Million Stake in loanDepot, Inc. $LDI

Wasatch Advisors LP increased its position in shares of loanDepot, Inc. (NYSE:LDI) by 36.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,296,300 shares of the company’s stock after acquiring an additional 609,893 shares during the period. Wasatch Advisors LP owned about 0.68% of loanDepot worth $2,870,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in shares of loanDepot by 622.6% during the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after purchasing an additional 4,842,751 shares during the last quarter. Vanguard Group Inc. boosted its position in loanDepot by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company’s stock worth $13,902,000 after buying an additional 226,347 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in loanDepot by 22.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,596,426 shares of the company’s stock worth $5,375,000 after acquiring an additional 472,159 shares during the last quarter. Geode Capital Management LLC increased its position in loanDepot by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 2,194,199 shares of the company’s stock valued at $4,543,000 after acquiring an additional 148,644 shares during the period. Finally, UBS Group AG raised its stake in shares of loanDepot by 1,125.1% during the third quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock valued at $6,201,000 after acquiring an additional 1,855,136 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors.

loanDepot Trading Up 3.1%

NYSE:LDI opened at $0.88 on Thursday. The firm’s fifty day moving average is $1.11 and its 200-day moving average is $1.47. The company has a debt-to-equity ratio of 10.26, a quick ratio of 1.11 and a current ratio of 1.11. loanDepot, Inc. has a 52 week low of $0.83 and a 52 week high of $5.05. The firm has a market cap of $296.94 million, a P/E ratio of -2.93 and a beta of 3.37.

Analysts Set New Price Targets

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

loanDepot 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.