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

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh acquired 364,367 shares of the stock in a transaction dated Tuesday, August 25th. The shares were bought at an average cost of $0.92 per share, for a total transaction of $335,217.64. Following the completion of the transaction, the chief executive officer owned 471,466 shares in the company, valued at approximately $433,748.72. This represents a 340.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The shares were purchased at an average price of $0.94 per share, for a total transaction of $36,295.28.
• On Wednesday, August 26th, Anthony Li Hsieh acquired 284,349 shares of loanDepot stock. The stock was acquired at an average price of $0.89 per share, for a total transaction of $253,070.61.
• On Monday, August 24th, Anthony Li Hsieh purchased 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 Price Performance

LDI stock opened at $0.97 on Friday. The company has a debt-to-equity ratio of 10.60, a quick ratio of 1.11 and a current ratio of 1.11. The company’s fifty day moving average price is $1.05 and its 200-day moving average price is $1.36. loanDepot, Inc. has a one year low of $0.83 and a one year high of $5.05. The company has a market capitalization of $328.70 million, a PE ratio of -3.24 and a beta of 3.37.

Institutional Investors Weigh In On loanDepot

Several institutional investors have recently made changes to their positions in LDI. Millennium Management LLC boosted its stake in shares of loanDepot by 622.6% during the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after purchasing an additional 4,842,751 shares during the period. UBS Group AG raised its position in loanDepot by 1,125.1% in the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after purchasing an additional 1,855,136 shares during the period. Wasatch Advisors LP bought a new stake in loanDepot in the fourth quarter worth about $3,229,000. Geode Capital Management LLC lifted its stake in loanDepot by 134.4% in the second 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, Lazard Asset Management LLC purchased a new position in shares of loanDepot during the first quarter valued at approximately $1,318,000. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LDI. Zacks Research upgraded loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $1.00 price objective on loanDepot in a research report on Monday, August 10th. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a report on Friday, July 17th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $1.92.

Key Headlines Impacting loanDepot

Here are the key news stories impacting loanDepot this week:

• Positive Sentiment: Hsieh purchased 38,612 shares on August 27 at an average price of $0.94, investing approximately $36,295 and increasing his position by 5.11%. SEC Form 4 filing
• Positive Sentiment: He also bought 284,349 shares on August 26 at $0.89 per share, worth approximately $253,071, expanding his ownership by 60.31%. Together with purchases on August 24 and 25, the disclosed buying represents a significant increase in insider exposure to LDI. Anthony Li Hsieh insider buying report
• Positive Sentiment: A separate report said Hsieh purchased more than 471,000 shares through the JLSSAA Trust, adding to the impression that a major insider is supporting the stock at sub-$1 prices. JLSSAA Trust share purchase report

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.