Anthony Li Hsieh Acquires 60,208 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Hsieh purchased 60,208 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were purchased at an average price of $0.92 per share, for a total transaction of $55,391.36. Following the completion of the acquisition, the chief executive officer owned 1,000,000 shares of the company’s stock, valued at $920,000. The trade was a 6.41% 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 Monday, August 31st, Anthony Hsieh acquired 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 Hsieh bought 38,612 shares of loanDepot stock. The shares were purchased at an average cost of $0.94 per share, for a total transaction of $36,295.28.
• On Wednesday, August 26th, Anthony Hsieh bought 284,349 shares of loanDepot stock. The shares were purchased at an average cost of $0.89 per share, for a total transaction of $253,070.61.
• On Tuesday, August 25th, Anthony Hsieh bought 364,367 shares of loanDepot stock. The stock was acquired at an average price of $0.92 per share, for a total transaction of $335,217.64.
• On Monday, August 24th, Anthony Hsieh bought 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 Stock Performance

Shares of LDI opened at $0.93 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.60. The company has a market capitalization of $315.52 million, a price-to-earnings ratio of -3.11 and a beta of 3.40. The stock has a 50 day moving average of $1.02 and a 200 day moving average of $1.32. loanDepot, Inc. has a 12 month low of $0.83 and a 12 month high of $5.05.

Wall Street Analyst Weigh In

LDI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research report on Friday, July 17th. Zacks Research downgraded shares of loanDepot from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. Finally, The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a report on Monday, August 10th. Two investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Strong Sell” and an average target price of $1.92.

Hedge Funds Weigh In On loanDepot

Several large investors have recently modified their holdings of LDI. Millennium Management LLC lifted its stake 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 valued at $17,255,000 after buying an additional 4,842,751 shares in the last quarter. UBS Group AG grew its stake in loanDepot by 1,125.1% in the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock valued at $6,201,000 after buying an additional 1,855,136 shares in the last quarter. Wasatch Advisors LP bought a new stake in loanDepot during the 4th quarter valued at $3,229,000. Geode Capital Management LLC raised its holdings in loanDepot by 134.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,104,021 shares during the period. Finally, Lazard Asset Management LLC purchased a new stake in shares of loanDepot during the first quarter worth $1,318,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

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.