Millennium Management LLC Buys 407,299 Shares of loanDepot, Inc. (NYSE:LDI)

Millennium Management LLC raised its holdings in shares of loanDepot, Inc. (NYSE:LDI - Free Report) by 167.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 650,987 shares of the company's stock after buying an additional 407,299 shares during the quarter. Millennium Management LLC owned about 0.20% of loanDepot worth $1,328,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $30,000. Alpine Global Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $33,000. Boothbay Fund Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $41,000. RPO LLC acquired a new position in shares of loanDepot in the fourth quarter valued at $55,000. Finally, Quantbot Technologies LP acquired a new position in shares of loanDepot in the fourth quarter valued at $56,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

loanDepot Price Performance

NYSE LDI traded up $0.05 during trading on Friday, reaching $1.31. 489,707 shares of the company traded hands, compared to its average volume of 825,412. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The stock's 50 day moving average price is $1.18 and its two-hundred day moving average price is $1.57. The company has a market cap of $430.53 million, a price-to-earnings ratio of -2.51, a P/E/G ratio of 0.25 and a beta of 3.39. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $3.23.

loanDepot (NYSE:LDI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). loanDepot had a negative return on equity of 14.66% and a negative net margin of 8.95%. The company had revenue of $273.62 million for the quarter, compared to analyst estimates of $275.11 million. As a group, analysts anticipate that loanDepot, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on loanDepot from $1.35 to $1.25 and set a "neutral" rating for the company in a research note on Wednesday, April 16th.

About loanDepot

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.