loanDepot (NYSE:LDI) CEO Acquires 60,208 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 60,208 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were acquired at an average price of $0.92 per share, for a total transaction of $55,391.36. Following the purchase, the chief executive officer directly owned 1,000,000 shares in the company, valued at approximately $920,000. The trade was a 6.41% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, August 31st, Anthony Li Hsieh acquired 145,365 shares of loanDepot stock. The stock was 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 acquired 38,612 shares of loanDepot stock. The shares were bought at an average price of $0.94 per share, with a total value of $36,295.28.
• On Wednesday, August 26th, Anthony Li Hsieh bought 284,349 shares of loanDepot stock. The shares were purchased at an average price of $0.89 per share, for a total transaction 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, with a total value of $95,318.11.

loanDepot Price Performance

Shares of LDI traded up $0.02 during trading hours on Wednesday, reaching $0.91. 3,510,881 shares of the stock traded hands, compared to its average volume of 2,650,787. The company has a market cap of $306.07 million, a P/E ratio of -3.02 and a beta of 3.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.60. The company’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.33. loanDepot, Inc. has a 52-week low of $0.83 and a 52-week high of $5.05.

Institutional Investors Weigh In On loanDepot

Several large investors have recently bought and sold shares of LDI. Invesco Ltd. purchased a new stake in loanDepot during the first quarter valued at $44,000. Goldman Sachs Group Inc. grew its stake in shares of loanDepot by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock worth $436,000 after buying an additional 85,129 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of loanDepot in the 1st quarter worth about $122,000. Geode Capital Management LLC increased its holdings in shares of 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 buying an additional 1,104,021 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in shares of loanDepot during the 2nd quarter valued at about $98,000. Institutional investors own 39.39% of the company’s stock.

Analysts Set New Price Targets

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