loanDepot (NYSE:LDI) CEO Buys $36,295.28 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 38,612 shares of loanDepot stock in a transaction on Thursday, August 27th. The stock was acquired at an average price of $0.94 per share, with a total value of $36,295.28. Following the completion of the purchase, the chief executive officer directly owned 794,427 shares of the company’s stock, valued at approximately $746,761.38. The trade was a 5.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 26th, Anthony Li Hsieh purchased 284,349 shares of loanDepot stock. The shares were acquired at an average price of $0.89 per share, for a total transaction of $253,070.61.
• On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The shares were acquired at an average price of $0.92 per share, for a total transaction of $335,217.64.
• On Monday, August 24th, Anthony Li Hsieh acquired 107,099 shares of loanDepot stock. The stock was acquired at an average cost of $0.89 per share, with a total value of $95,318.11.

loanDepot Price Performance

NYSE LDI opened at $0.96 on Friday. loanDepot, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $5.05. The stock’s 50-day moving average is $1.04 and its two-hundred day moving average is $1.36. 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 $323.97 million, a P/E ratio of -3.20 and a beta of 3.37.

Hedge Funds Weigh In On loanDepot

Several large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of loanDepot by 622.6% during the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the period. UBS Group AG raised its position in loanDepot by 1,125.1% in the third quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after purchasing an additional 1,855,136 shares in the last quarter. Wasatch Advisors LP bought a new position in loanDepot during the fourth quarter worth about $3,229,000. Geode Capital Management LLC lifted its stake in loanDepot by 134.4% during the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,104,021 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in loanDepot during the first quarter valued at approximately $1,318,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. The Goldman Sachs Group set a $1.00 target price on shares of loanDepot in a research note on Monday, August 10th. Zacks Research downgraded shares of loanDepot from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Strong Sell” and a consensus price target of $1.92.

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.