GSA Capital Partners LLP Grows Stock Holdings in loanDepot, Inc. $LDI

GSA Capital Partners LLP raised its stake in loanDepot, Inc. (NYSE:LDI) by 2,266.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 503,499 shares of the company’s stock after buying an additional 482,224 shares during the period. GSA Capital Partners LLP’s holdings in loanDepot were worth $1,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Leisure Capital Management purchased a new stake in loanDepot in the 3rd quarter valued at about $1,535,000. Alight Capital Management LP bought a new stake in shares of loanDepot in the 3rd quarter valued at about $1,382,000. Alpine Global Management LLC bought a new stake in shares of loanDepot in the 3rd quarter valued at about $307,000. Militia Capital Partners LP bought a new stake in shares of loanDepot in the 3rd quarter valued at about $596,000. Finally, AXQ Capital LP bought a new stake in shares of loanDepot in the 3rd quarter valued at about $96,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Trading Up 2.9%

NYSE LDI opened at $1.26 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.26. The firm has a market cap of $423.96 million, a PE ratio of -3.69 and a beta of 3.41. The company has a 50 day moving average price of $1.46 and a 200 day moving average price of $2.07. loanDepot, Inc. has a 52 week low of $1.13 and a 52 week high of $5.05.

loanDepot (NYSE:LDI) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.06). The firm had revenue of $316.27 million for the quarter, compared to the consensus estimate of $333.29 million. loanDepot had a negative return on equity of 22.35% and a negative net margin of 6.51%. As a group, sell-side analysts forecast that loanDepot, Inc. will post -0.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LDI. BTIG Research restated a “neutral” rating on shares of loanDepot in a report on Wednesday, March 11th. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, May 17th. Zacks Research lowered shares of loanDepot from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $2.38.

loanDepot Profile

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.