Key Points
- CEO Anthony Li Hsieh bought 284,349 loanDepot shares at an average price of $0.89, investing approximately $253,071 and increasing his direct ownership by 60.31% to 755,815 shares.
- Hsieh also purchased shares on August 24, 25, and 27, representing substantial recent insider buying at prices below $1 per share.
- loanDepot shares opened at $0.97, near their one-year low of $0.83. Analysts have an average “Reduce” rating and a consensus price target of $1.92, while the company carries a high debt-to-equity ratio of 10.60.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh purchased 38,612 shares of the business's stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $0.94 per share, for a total transaction of $36,295.28. Following the completion of the acquisition, the chief executive officer owned 794,427 shares of the company's stock, valued at $746,761.38. The trade was a 5.11% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 cost of $0.89 per share, with a total value of $253,070.61.
- On Tuesday, August 25th, Anthony Li Hsieh bought 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 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 Performance
Shares of LDI stock opened at $0.97 on Friday. The firm has a market cap of $328.70 million, a price-to-earnings ratio of -3.24 and a beta of 3.37. The company has a debt-to-equity ratio of 10.60, 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's 50-day simple moving average is $1.05 and its two-hundred day simple moving average is $1.36.
Institutional Trading of loanDepot
Institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in loanDepot by 0.4% in the 4th quarter. State Street Corp now owns 1,640,154 shares of the company's stock worth $3,395,000 after purchasing an additional 5,800 shares during the period. LPL Financial LLC lifted its holdings in shares of loanDepot by 8.3% in 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 in the last quarter. Harbour Investments Inc. lifted its holdings in shares of loanDepot by 94.7% in 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 in the last quarter. Price T Rowe Associates Inc. MD grew its stake in loanDepot by 26.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,286 shares of the company's stock valued at $109,000 after acquiring an additional 11,003 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in loanDepot in the 3rd quarter worth approximately $35,000. Hedge funds and other institutional investors own 39.39% of the company's stock.
Key Headlines Impacting loanDepot
Here are the key news stories impacting loanDepot this week:
- Positive Sentiment: Hsieh purchased 38,612 shares on August 27 at an average price of $0.94, investing approximately $36,295 and increasing his position by 5.11%. SEC Form 4 filing
- Positive Sentiment: He also bought 284,349 shares on August 26 at $0.89 per share, worth approximately $253,071, expanding his ownership by 60.31%. Together with purchases on August 24 and 25, the disclosed buying represents a significant increase in insider exposure to LDI. Anthony Li Hsieh insider buying report
- Positive Sentiment: A separate report said Hsieh purchased more than 471,000 shares through the JLSSAA Trust, adding to the impression that a major insider is supporting the stock at sub-$1 prices. JLSSAA Trust share purchase report
Analysts Set New Price Targets
LDI has been the topic of several research reports. The Goldman Sachs Group set a $1.00 target price on loanDepot in a research note on Monday, August 10th. Wall Street Zen raised loanDepot from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Zacks Research upgraded loanDepot from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of loanDepot in a research note on Friday, July 17th. Three investment 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 company presently has an average rating of "Reduce" and a consensus price target of $1.92.
Read Our Latest Stock Report on loanDepot
About loanDepot
(
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.
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