Tidal Investments LLC acquired a new position in shares of loanDepot, Inc. (NYSE:LDI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.
A number of other large investors have also recently made changes to their positions in LDI. Aquatic Capital Management LLC acquired a new stake in shares of loanDepot in the 4th quarter worth about $30,000. Alpine Global Management LLC bought a new stake in loanDepot during the fourth quarter worth $33,000. Boothbay Fund Management LLC bought a new stake in loanDepot during the fourth quarter worth $41,000. RPO LLC purchased a new stake in loanDepot in the 4th quarter valued at $55,000. Finally, Quantbot Technologies LP bought a new position in loanDepot during the 4th quarter valued at $56,000. 39.39% of the stock is owned by institutional investors.
loanDepot Stock Performance
Shares of LDI traded up $0.02 during trading hours on Wednesday, hitting $1.28. The company's stock had a trading volume of 366,071 shares, compared to its average volume of 828,654. The business has a 50 day simple moving average of $1.18 and a two-hundred day simple moving average of $1.64. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $3.23. 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 cap of $418.56 million, a price-to-earnings ratio of -2.45, a PEG ratio of 0.25 and a beta of 3.38.
loanDepot (NYSE:LDI - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $273.62 million for the quarter, compared to the consensus estimate of $275.11 million. On average, equities analysts expect that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Separately, UBS Group decreased their price target on loanDepot from $1.35 to $1.25 and set a "neutral" rating for the company in a research report on Wednesday, April 16th.
Check Out Our Latest Analysis on LDI
loanDepot Company Profile
(
Free Report)
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.
Further Reading
Before you consider loanDepot, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and loanDepot wasn't on the list.
While loanDepot currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
