loanDepot (NYSE:LDI) CEO Acquires $55,391.36 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Hsieh purchased 60,208 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were acquired at an average cost of $0.92 per share, with a total value of $55,391.36. Following the completion of the transaction, the chief executive officer directly owned 1,000,000 shares of the company’s stock, valued at $920,000. The trade was a 6.41% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, August 31st, Anthony Hsieh acquired 145,365 shares of loanDepot stock. The stock was acquired at an average cost of $0.94 per share, for a total transaction of $136,643.10.
• On Thursday, August 27th, Anthony Hsieh acquired 38,612 shares of loanDepot stock. The stock was acquired at an average price of $0.94 per share, with a total value of $36,295.28.
• On Wednesday, August 26th, Anthony Hsieh acquired 284,349 shares of loanDepot stock. The stock was acquired at an average price of $0.89 per share, with a total value of $253,070.61.
• On Tuesday, August 25th, Anthony Hsieh bought 364,367 shares of loanDepot stock. The shares were acquired at an average cost of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Hsieh bought 107,099 shares of loanDepot stock. The shares were acquired at an average price of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Price Performance

Shares of NYSE:LDI opened at $0.94 on Friday. The company has a market capitalization of $316.67 million, a P/E ratio of -3.12 and a beta of 3.40. The company’s 50-day moving average is $1.02 and its 200 day moving average is $1.32. The company has a debt-to-equity ratio of 10.60, a quick ratio of 1.11 and a current ratio of 1.11. loanDepot, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $5.05.

Institutional Trading of loanDepot

A number of institutional investors have recently modified their holdings of LDI. Russell Investments Group Ltd. bought a new position in loanDepot in the 3rd quarter worth approximately $35,000. Harbour Investments Inc. raised its holdings in loanDepot by 94.7% during the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock valued at $36,000 after acquiring an additional 8,522 shares during the period. Bank of Montreal Can purchased a new stake in shares of loanDepot during the fourth quarter worth $38,000. Insigneo Advisory Services LLC purchased a new stake in shares of loanDepot during the fourth quarter worth $39,000. Finally, Invesco Ltd. purchased a new stake in shares of loanDepot during the first quarter worth $44,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

loanDepot Company 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.