Key Points
- CEO Anthony Li Hsieh bought 364,367 loanDepot shares at an average price of $0.92, investing approximately $335,218. The purchase increased his direct ownership by 340.22% to 471,466 shares; he also bought 107,099 shares the previous day.
- loanDepot shares opened at $0.88 and have declined 4.8%, trading near the lower end of their $0.83–$5.05 12-month range. The company has a market capitalization of about $297 million and a high debt-to-equity ratio of 10.60.
- Institutional investors own 39.39% of the company, while analysts maintain a cautious outlook: the consensus rating is “Reduce”, with a $1.92 average price target and ratings split between Hold and Sell.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh bought 107,099 shares of the firm's stock in a transaction that occurred on Monday, August 24th. The shares were acquired at an average cost of $0.89 per share, with a total value of $95,318.11. Following the purchase, the chief executive officer directly owned 107,099 shares of the company's stock, valued at $95,318.11. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
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 shares were acquired at an average price of $0.92 per share, for a total transaction of $335,217.64.
loanDepot Stock Performance
Shares of LDI stock opened at $0.88 on Thursday. The firm has a 50 day moving average of $1.05 and a 200-day moving average of $1.37. The company has a market cap of $296.94 million, a price-to-earnings ratio of -2.93 and a beta of 3.37. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60. loanDepot, Inc. has a 52 week low of $0.83 and a 52 week high of $5.05.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on LDI shares. The Goldman Sachs Group set a $1.00 price target on shares of loanDepot in a report on Monday, August 10th. Weiss Ratings reiterated a "sell (d-)" rating on shares of loanDepot in a report on Friday, July 17th. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded loanDepot from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, loanDepot currently has an average rating of "Reduce" and a consensus target price of $1.92.
Check Out Our Latest Analysis on LDI
Hedge Funds Weigh In On loanDepot
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in loanDepot during the 3rd quarter valued at $35,000. Harbour Investments Inc. lifted its stake in shares of loanDepot by 94.7% in 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 in the last quarter. Bank of Montreal Can bought a new position in shares of loanDepot in the fourth quarter valued at $38,000. Insigneo Advisory Services LLC acquired a new position in shares of loanDepot during the fourth quarter valued at about $39,000. Finally, Invesco Ltd. acquired a new position in shares of loanDepot during the first quarter valued at about $44,000. 39.39% of the stock is currently owned by institutional investors.
loanDepot Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
