loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Purchases 38,612 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh acquired 38,612 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average cost of $0.94 per share, with a total value of $36,295.28. Following the acquisition, the chief executive officer owned 794,427 shares of the company’s stock, valued at $746,761.38. This trade represents a 5.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

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

loanDepot Trading Up 10.3%

Shares of LDI stock opened at $0.97 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60. The stock has a market capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. loanDepot, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $5.05. The stock has a 50-day simple moving average of $1.05 and a 200 day simple moving average of $1.36.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On loanDepot

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its stake in loanDepot by 0.4% during the 4th quarter. State Street Corp now owns 1,640,154 shares of the company’s stock worth $3,395,000 after buying an additional 5,800 shares during the period. LPL Financial LLC grew its position in loanDepot by 8.3% in the 4th quarter. LPL Financial LLC now owns 82,045 shares of the company’s stock valued at $170,000 after purchasing an additional 6,321 shares during the period. Harbour Investments Inc. raised its holdings in loanDepot by 94.7% during the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after buying an additional 8,522 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of loanDepot by 26.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 52,286 shares of the company’s stock valued at $109,000 after buying an additional 11,003 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of loanDepot in the third quarter valued at $35,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Key Stories 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.