loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Buys 284,349 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 284,349 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $0.89 per share, for a total transaction of $253,070.61. Following the completion of the transaction, the chief executive officer directly owned 755,815 shares of the company’s stock, valued at $672,675.35. This represents a 60.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Thursday, August 27th, Anthony Li Hsieh purchased 38,612 shares of loanDepot stock. The shares were bought at an average cost of $0.94 per share, with a total value of $36,295.28.
• On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The stock was bought at an average price of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Li Hsieh acquired 107,099 shares of loanDepot stock. The stock was bought at an average cost of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Stock Up 10.3%

NYSE LDI opened at $0.97 on Friday. loanDepot, Inc. has a 52 week low of $0.83 and a 52 week high of $5.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60. The company has a market capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. The stock’s 50-day moving average price is $1.05 and its 200-day moving average price is $1.36.

loanDepot News Roundup

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

Hedge Funds Weigh In On loanDepot

A number of hedge funds have recently made changes to their positions in LDI. Renaissance Technologies LLC grew its holdings in loanDepot by 192.4% during the 1st quarter. Renaissance Technologies LLC now owns 819,800 shares of the company’s stock valued at $1,164,000 after buying an additional 539,452 shares in the last quarter. Wasatch Advisors LP raised its position in shares of loanDepot by 36.2% during the second quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company’s stock valued at $2,870,000 after buying an additional 609,893 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of loanDepot in the first quarter worth $1,318,000. GSA Capital Partners LLP lifted its holdings in shares of loanDepot by 2,266.6% in the fourth quarter. GSA Capital Partners LLP now owns 503,499 shares of the company’s stock worth $1,042,000 after buying an additional 482,224 shares in the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in shares of loanDepot during the fourth quarter worth $81,000. Institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. 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 reiterated a “sell (d-)” rating on shares of loanDepot in a research report on Friday, July 17th. The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a research note on Monday, August 10th. Finally, Zacks Research upgraded shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price 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.