loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Purchases 364,367 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh acquired 364,367 shares of the business’s stock in a transaction on Tuesday, August 25th. The stock was acquired at an average cost of $0.92 per share, for a total transaction of $335,217.64. Following the transaction, the chief executive officer directly owned 471,466 shares in the company, valued at $433,748.72. The trade was a 340.22% increase in their ownership of the stock. The purchase 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 24th, Anthony Li Hsieh acquired 107,099 shares of loanDepot stock. The shares were purchased at an average price of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Price Performance

Shares of LDI stock opened at $0.88 on Thursday. The stock’s 50-day moving average is $1.05 and its 200 day moving average is $1.37. loanDepot, Inc. has a 1-year low of $0.83 and a 1-year high of $5.05. 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 cap of $296.94 million, a P/E ratio of -2.93 and a beta of 3.37.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently modified their holdings of the stock. Requisite Capital Management LLC boosted its stake in loanDepot by 200.0% in the 2nd quarter. Requisite Capital Management LLC now owns 60,000 shares of the company’s stock worth $75,000 after purchasing an additional 40,000 shares in the last quarter. Cullen Capital Management LLC purchased a new stake in loanDepot during the 2nd quarter worth approximately $347,000. Bank of New York Mellon Corp acquired a new position in loanDepot during the 2nd quarter valued at approximately $359,000. Wasatch Advisors LP raised its holdings in shares of loanDepot by 36.2% in the second quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company’s stock worth $2,870,000 after buying an additional 609,893 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of loanDepot in the first quarter worth $1,318,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LDI. The Goldman Sachs Group set a $1.00 target price on shares of loanDepot in a research report on Monday, August 10th. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research raised loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a report on Friday, July 17th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” 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.