Key Points
- CEO Anthony Li Hsieh bought 145,365 loanDepot shares at an average price of $0.94, investing $136,643 and increasing his position by 18.3% to 939,792 shares. He also made several additional purchases in late August and early September.
- loanDepot shares opened at $0.91, near their one-year low of $0.83 and well below the one-year high of $5.05. The company has a $306.1 million market capitalization and a high debt-to-equity ratio of 10.60.
- Analyst sentiment remains strongly negative: two analysts rate the stock Hold and three rate it Sell, producing an overall “Strong Sell” consensus and an average price target of $1.92. Institutional investors own 39.39% of the company.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh acquired 60,208 shares of the company's stock in a transaction dated Tuesday, September 1st. The shares were bought at an average cost of $0.92 per share, for a total transaction of $55,391.36. Following the completion of the acquisition, the chief executive officer directly owned 1,000,000 shares of the company's stock, valued at approximately $920,000. The trade was a 6.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Anthony Li Hsieh also recently made the following trade(s):
- On Monday, August 31st, Anthony Li Hsieh bought 145,365 shares of loanDepot stock. The stock was purchased at an average price of $0.94 per share, with a total value of $136,643.10.
- On Thursday, August 27th, Anthony Li Hsieh purchased 38,612 shares of loanDepot stock. The shares were purchased at an average cost of $0.94 per share, with a total value of $36,295.28.
- On Wednesday, August 26th, Anthony Li Hsieh purchased 284,349 shares of loanDepot stock. The shares were purchased at an average cost of $0.89 per share, with a total value of $253,070.61.
- On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The shares were purchased 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 purchased at an average cost of $0.89 per share, for a total transaction of $95,318.11.
loanDepot Trading Up 1.8%
Shares of NYSE:LDI opened at $0.91 on Thursday. 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. The stock has a market cap of $306.06 million, a price-to-earnings ratio of -3.02 and a beta of 3.40. The business has a 50-day moving average price of $1.03 and a 200-day moving average price of $1.33.
Wall Street Analyst Weigh In
Several analysts have commented on LDI shares. Zacks Research cut shares of loanDepot from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of loanDepot from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings reissued a "sell (d-)" rating on shares of loanDepot in a report on Friday, July 17th. Finally, The Goldman Sachs Group set a $1.00 target price on shares of loanDepot in a research report on Monday, August 10th. Two analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Strong Sell" and an average target price of $1.92.
Read Our Latest Stock Analysis on LDI
Institutional Trading of loanDepot
Several hedge funds and other institutional investors have recently bought and sold shares of LDI. Renaissance Technologies LLC raised its position in loanDepot by 192.4% during the first quarter. Renaissance Technologies LLC now owns 819,800 shares of the company's stock valued at $1,164,000 after acquiring an additional 539,452 shares in the last quarter. Wasatch Advisors LP boosted its position in loanDepot by 36.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company's stock worth $2,870,000 after purchasing an additional 609,893 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in loanDepot in the 1st quarter worth approximately $1,318,000. GSA Capital Partners LLP grew its stake in shares of loanDepot by 2,266.6% during the 4th quarter. GSA Capital Partners LLP now owns 503,499 shares of the company's stock worth $1,042,000 after purchasing an additional 482,224 shares during the period. Finally, Cullen Capital Management LLC acquired a new stake in shares of loanDepot during the 2nd quarter worth approximately $347,000. 39.39% of the stock is owned by institutional investors and hedge funds.
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.
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