loanDepot (NYSE:LDI) CEO Buys $36,295.28 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 38,612 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were acquired at an average cost of $0.94 per share, for a total transaction of $36,295.28. Following the completion of the purchase, the chief executive officer directly owned 794,427 shares of the company’s stock, valued at approximately $746,761.38. This represents a 5.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Wednesday, August 26th, Anthony Li Hsieh acquired 284,349 shares of loanDepot stock. The stock was 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 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 Li Hsieh purchased 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 Trading Up 10.3%

Shares of NYSE:LDI traded up $0.09 on Thursday, reaching $0.97. 9,039,221 shares of the company traded hands, compared to its average volume of 2,622,378. The stock has a market capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. The business’s 50-day simple moving average is $1.05 and its 200 day simple moving average is $1.37. The company has a current ratio of 1.11, a quick 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.

Institutional Investors Weigh In On loanDepot

A number of large investors have recently made changes to their positions in the business. Requisite Capital Management LLC boosted its holdings in loanDepot by 200.0% in the second quarter. Requisite Capital Management LLC now owns 60,000 shares of the company’s stock valued at $75,000 after acquiring an additional 40,000 shares in the last quarter. Cullen Capital Management LLC bought a new position in loanDepot in the 2nd quarter worth $347,000. Bank of New York Mellon Corp purchased a new stake in shares of loanDepot in the 2nd quarter worth about $359,000. Wasatch Advisors LP boosted its stake in shares of loanDepot by 36.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company’s stock valued at $2,870,000 after purchasing an additional 609,893 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of loanDepot during the 1st quarter valued at about $1,318,000. 39.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LDI has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note 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. Zacks Research upgraded shares of loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group set a $1.00 price objective on shares of loanDepot in a research note on Monday, August 10th. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average 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.