Insider Buying: loanDepot (NYSE:LDI) CEO Buys $36,295.28 in Stock

Key Points

• CEO Anthony Li Hsieh bought 38,612 loanDepot shares at an average price of $0.94, investing $36,295.28 and increasing his stake by 5.11% to 794,427 shares.
• Hsieh also purchased more than 755,000 shares across three earlier transactions from August 24–26, spending approximately $683,606 in total.
• loanDepot shares recently traded at $0.97, near the lower end of their 52-week range, while analysts maintained a consensus “Reduce” rating with an average price target of $1.92.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh acquired 38,612 shares of loanDepot stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average cost of $0.94 per share, with a total value of $36,295.28. Following the purchase, the chief executive officer owned 794,427 shares of the company's stock, valued at $746,761.38. This represents a 5.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

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

loanDepot Price Performance

Shares of loanDepot stock traded up $0.09 during trading on Thursday, hitting $0.97. The stock had a trading volume of 9,039,221 shares, compared to its average volume of 2,622,378. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.60. loanDepot, Inc. has a 12 month low of $0.83 and a 12 month high of $5.05. The firm has a market cap of $328.70 million, a price-to-earnings ratio of -3.24 and a beta of 3.37. The business's 50-day moving average is $1.05 and its 200 day moving average is $1.37.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Requisite Capital Management LLC raised its position in loanDepot by 200.0% during the second quarter. Requisite Capital Management LLC now owns 60,000 shares of the company's stock valued at $75,000 after purchasing an additional 40,000 shares in the last quarter. Cullen Capital Management LLC purchased a new position in shares of loanDepot in the 2nd quarter worth about $347,000. Bank of New York Mellon Corp bought a new position in shares of loanDepot during the 2nd quarter valued at about $359,000. Wasatch Advisors LP increased its position in shares of loanDepot by 36.2% during the 2nd quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company's stock valued at $2,870,000 after purchasing an additional 609,893 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of loanDepot during the 1st quarter valued at about $1,318,000. Institutional investors own 39.39% of the company's stock.

loanDepot Company Profile

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.

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