Anthony Li Hsieh Acquires 145,365 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Hsieh bought 145,365 shares of loanDepot stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $0.94 per share, with a total value of $136,643.10. Following the completion of the purchase, the chief executive officer directly owned 939,792 shares of the company’s stock, valued at approximately $883,404.48. The trade was a 18.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 1st, Anthony Hsieh purchased 60,208 shares of loanDepot stock. The shares were acquired at an average price of $0.92 per share, for a total transaction of $55,391.36.
• On Thursday, August 27th, Anthony Hsieh purchased 38,612 shares of loanDepot stock. The shares were acquired at an average price of $0.94 per share, for a total transaction of $36,295.28.
• On Wednesday, August 26th, Anthony Hsieh purchased 284,349 shares of loanDepot stock. The shares were acquired at an average price of $0.89 per share, for a total transaction of $253,070.61.
• On Tuesday, August 25th, Anthony Hsieh acquired 364,367 shares of loanDepot stock. The stock was acquired at an average cost of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Hsieh acquired 107,099 shares of loanDepot stock. The stock was acquired at an average price of $0.89 per share, with a total value of $95,318.11.

loanDepot Trading Up 3.5%

loanDepot stock opened at $0.93 on Friday. The company has a debt-to-equity ratio of 10.60, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $315.52 million, a price-to-earnings ratio of -3.11 and a beta of 3.40. loanDepot, Inc. has a one year low of $0.83 and a one year high of $5.05. The company’s fifty day moving average price is $1.02 and its two-hundred day moving average price is $1.32.

Institutional Investors Weigh In On loanDepot

Several hedge funds have recently modified their holdings of the business. Invesco Ltd. acquired a new stake in shares of loanDepot in the first quarter worth $44,000. Goldman Sachs Group Inc. raised its stake in loanDepot by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock valued at $436,000 after purchasing an additional 85,129 shares during the last quarter. Jane Street Group LLC bought a new stake in loanDepot in the 1st quarter valued at $122,000. Geode Capital Management LLC grew its position in loanDepot by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,104,021 shares during the last quarter. Finally, New York State Common Retirement Fund acquired a new stake in loanDepot in the 2nd quarter worth $98,000. 39.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.