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

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh bought 60,208 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was bought at an average price of $0.92 per share, for a total transaction of $55,391.36. Following the completion of the purchase, the chief executive officer directly owned 1,000,000 shares in the company, valued at approximately $920,000. This represents a 6.41% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 shares were bought at an average cost of $0.94 per share, for a total transaction of $136,643.10.
• 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 Wednesday, August 26th, Anthony Li Hsieh purchased 284,349 shares of loanDepot stock. The stock was purchased at an average price 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 stock was purchased 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 purchased at an average cost of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Trading Up 1.8%

LDI opened at $0.91 on Thursday. The stock’s fifty day moving average is $1.03 and its two-hundred day moving average is $1.33. The company has a market capitalization of $306.06 million, a P/E ratio of -3.02 and a beta of 3.40. 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.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On loanDepot

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. purchased a new stake in shares of loanDepot during the third quarter worth about $35,000. Harbour Investments Inc. raised its position in shares of loanDepot by 94.7% in the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock valued at $36,000 after purchasing an additional 8,522 shares during the last quarter. Bank of Montreal Can acquired a new stake in loanDepot in the 4th quarter worth approximately $38,000. Insigneo Advisory Services LLC acquired a new stake in loanDepot in the 4th quarter worth approximately $39,000. Finally, BNP Paribas Financial Markets grew its position in loanDepot by 179.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,420 shares of the company’s stock worth $60,000 after purchasing an additional 12,472 shares during the last quarter. Institutional investors and hedge funds 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.