828,684 Shares in loanDepot, Inc. (NYSE:LDI) Acquired by Tidal Investments LLC

Tidal Investments LLC acquired a new stake in loanDepot, Inc. (NYSE:LDI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 828,684 shares of the company's stock, valued at approximately $1,691,000. Tidal Investments LLC owned about 0.25% of loanDepot at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. State of Wyoming lifted its position in shares of loanDepot by 12.9% during the fourth quarter. State of Wyoming now owns 281,206 shares of the company's stock worth $574,000 after purchasing an additional 32,054 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of loanDepot during the fourth quarter worth about $260,000. OMERS ADMINISTRATION Corp acquired a new stake in loanDepot during the fourth quarter worth about $348,000. Millennium Management LLC raised its stake in loanDepot by 167.1% during the fourth quarter. Millennium Management LLC now owns 650,987 shares of the company's stock worth $1,328,000 after acquiring an additional 407,299 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its stake in loanDepot by 184.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 170,441 shares of the company's stock worth $348,000 after acquiring an additional 110,448 shares during the period. Institutional investors own 39.39% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group dropped their price objective on shares of loanDepot from $1.35 to $1.25 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th.

loanDepot Stock Performance

LDI stock traded up $0.03 on Thursday, reaching $1.30. The company's stock had a trading volume of 89,112 shares, compared to its average volume of 825,427. The firm has a fifty day moving average of $1.18 and a two-hundred day moving average of $1.64. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $425.13 million, a P/E ratio of -2.49, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $3.23.

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

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.