loanDepot (NYSE:LDI) Shares Up 3.7%

loanDepot, Inc. (NYSE:LDI) shot up 3.7% during trading on Tuesday . The stock traded as high as $1.67 and last traded at $1.67. 500 shares changed hands during trading, a decline of 100% from the average session volume of 447,690 shares. The stock had previously closed at $1.61.

Analyst Ratings Changes

Several brokerages have commented on LDI. The Goldman Sachs Group decreased their target price on shares of loanDepot from $2.25 to $1.50 and set a “sell” rating on the stock in a research report on Tuesday. JMP Securities restated a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st.

loanDepot Stock Down 3.1 %

The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50-day moving average is $2.01 and its 200 day moving average is $2.47. The firm has a market capitalization of $504.80 million, a PE ratio of -2.82 and a beta of 3.40.

loanDepot (NYSE:LDI) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). loanDepot had a negative return on equity of 19.52% and a negative net margin of 10.26%. The business had revenue of $222.79 million during the quarter, compared to analysts’ expectations of $232.65 million. As a group, research analysts forecast that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Anthony Li Hsieh sold 198,866 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $2.20, for a total value of $437,505.20. Following the completion of the transaction, the director now owns 3,590,891 shares of the company’s stock, valued at approximately $7,899,960.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anthony Li Hsieh sold 198,866 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $2.20, for a total value of $437,505.20. Following the completion of the transaction, the director now owns 3,590,891 shares of the company’s stock, valued at approximately $7,899,960.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frank Martell bought 36,639 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $1.77 per share, with a total value of $64,851.03. Following the purchase, the chief executive officer now directly owns 595,248 shares in the company, valued at approximately $1,053,588.96. The disclosure for this purchase can be found here. Insiders have sold 677,520 shares of company stock worth $1,358,805 in the last three months. Corporate insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Advisors LLC increased its stake in shares of loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares during the last quarter. DC Investments Management LLC purchased a new stake in shares of loanDepot during the 1st quarter worth about $559,000. Empowered Funds LLC grew its holdings in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares during the period. G2 Investment Partners Management LLC purchased a new stake in shares of loanDepot during the 4th quarter worth about $792,000. Finally, Cullen Capital Management LLC purchased a new stake in shares of loanDepot during the 4th quarter worth about $150,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.