loanDepot, Inc. $LDI Shares Bought by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. increased its stake in loanDepot, Inc. by 30.3%, owning 366,435 shares valued at approximately $436,000 after purchasing an additional 85,129 shares.
• CEO Anthony Li Hsieh sold over 3 million shares of the company in a transaction worth around $8 million, representing a 39.36% decrease in his ownership stake.
• loanDepot's stock is currently trading at $3.13, with institutional investors holding 39.39% of the company's stock and insiders owning 78.05% overall.

Goldman Sachs Group Inc. raised its position in loanDepot, Inc. (NYSE:LDI - Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 366,435 shares of the company's stock after purchasing an additional 85,129 shares during the quarter. Goldman Sachs Group Inc. owned about 0.11% of loanDepot worth $436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LDI. Wilshire Advisors LLC increased its stake in shares of loanDepot by 39.8% in the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock valued at $33,000 after purchasing an additional 7,899 shares during the period. Invesco Ltd. acquired a new position in shares of loanDepot during the first quarter valued at approximately $44,000. Capstone Financial Advisors Inc. increased its stake in shares of loanDepot by 60.0% during the first quarter. Capstone Financial Advisors Inc. now owns 40,000 shares of the company's stock valued at $48,000 after acquiring an additional 15,000 shares during the period. Squarepoint Ops LLC increased its stake in shares of loanDepot by 169.5% during the fourth quarter. Squarepoint Ops LLC now owns 37,764 shares of the company's stock valued at $77,000 after acquiring an additional 23,752 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in shares of loanDepot during the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds own 39.39% of the company's stock.

Insider Transactions at loanDepot

In related news, CEO Anthony Li Hsieh sold 3,046,005 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $2.64, for a total value of $8,041,453.20. Following the completion of the transaction, the chief executive officer owned 4,693,712 shares of the company's stock, valued at approximately $12,391,399.68. This trade represents a 39.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 14,470,160 shares of company stock valued at $40,335,701 in the last quarter. Insiders own 78.05% of the company's stock.

loanDepot Trading Down 2.3%

loanDepot stock opened at $3.13 on Friday. The company has a debt-to-equity ratio of 6.71, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -9.47 and a beta of 3.38. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $5.05. The firm's 50 day moving average price is $2.49 and its two-hundred day moving average price is $1.70.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on LDI shares. Wall Street Zen lowered shares of loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. BTIG Research reiterated a "neutral" rating on shares of loanDepot in a research note on Wednesday, September 10th. Finally, UBS Group raised their price objective on shares of loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, loanDepot presently has a consensus rating of "Reduce" and a consensus target price of $2.30.

loanDepot Profile

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.