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

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 145,365 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $0.94 per share, for a total transaction of $136,643.10. Following the completion of the purchase, the chief executive officer owned 939,792 shares of the company’s stock, valued at approximately $883,404.48. This represents a 18.30% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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

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

loanDepot Trading Up 1.8%

Shares of loanDepot stock opened at $0.91 on Thursday. The stock has a market cap of $306.06 million, a P/E ratio of -3.02 and a beta of 3.40. The stock’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.33. 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.

Analyst Ratings Changes

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

Institutional Trading of loanDepot

A number of hedge funds and other institutional investors have recently modified their holdings of LDI. Russell Investments Group Ltd. purchased a new stake in loanDepot in the 3rd quarter valued at about $35,000. Harbour Investments Inc. lifted its holdings in shares of loanDepot by 94.7% in the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after acquiring an additional 8,522 shares during the last quarter. Bank of Montreal Can purchased a new position in shares of loanDepot during the 4th quarter worth approximately $38,000. Insigneo Advisory Services LLC acquired a new stake in loanDepot in the 4th quarter valued at approximately $39,000. Finally, BNP Paribas Financial Markets increased its holdings in loanDepot by 179.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,420 shares of the company’s stock valued at $60,000 after purchasing an additional 12,472 shares during the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.