loanDepot (NYSE:LDI) Stock Price Down 3.6%

loanDepot, Inc. (NYSE:LDI) was down 3.6% on Monday . The stock traded as low as $2.71 and last traded at $2.71. Approximately 99,967 shares traded hands during trading, a decline of 79% from the average daily volume of 472,140 shares. The stock had previously closed at $2.81.

Analysts Set New Price Targets

LDI has been the subject of several recent analyst reports. JMP Securities restated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th.

loanDepot Stock Performance

The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 4.80. The stock has a 50-day simple moving average of $1.95 and a 200-day simple moving average of $2.22. The company has a market capitalization of $893.11 million, a price-to-earnings ratio of -4.93 and a beta of 3.40.

Insider Buying and Selling at loanDepot

In related news, Director Anthony Li Hsieh sold 58,063 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92. Following the sale, the director now owns 2,279,646 shares in the company, valued at $4,194,548.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Frank Martell acquired 25,000 shares of the firm’s stock in a transaction dated Friday, June 7th. The stock was acquired at an average cost of $2.09 per share, for a total transaction of $52,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 386,846 shares of the company’s stock, valued at approximately $808,508.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anthony Li Hsieh sold 58,063 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $1.84, for a total value of $106,835.92. Following the transaction, the director now directly owns 2,279,646 shares of the company’s stock, valued at $4,194,548.64. The disclosure for this sale can be found here. Insiders sold a total of 478,654 shares of company stock worth $921,299 over the last 90 days. Insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Empowered Funds LLC lifted its position in shares of loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares in the last quarter. American Century Companies Inc. increased its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after buying an additional 19,655 shares during the period. Jump Financial LLC purchased a new stake in loanDepot in the 4th quarter worth approximately $81,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of loanDepot during the 4th quarter valued at $106,000. Finally, Cullen Capital Management LLC acquired a new stake in shares of loanDepot during the 4th quarter valued at $150,000. 39.39% of the stock is owned by institutional investors and hedge funds.

loanDepot Company Profile

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.