Insider Buying: loanDepot (NYSE:LDI) CEO Buys $55,391.36 in Stock

Key Points

• loanDepot CEO Anthony Li Hsieh bought 60,208 shares at an average price of $0.92, investing $55,391.36 and increasing his ownership by 6.41% to 1 million shares. This follows five other purchases from August 24–31 totaling more than 939,000 shares.
• loanDepot shares rose 1.8% to $0.91, but remain near their 52-week low of $0.83 versus a high of $5.05. The company has a $306.1 million market capitalization and a high debt-to-equity ratio of 10.60.
• Analyst sentiment remains negative, with a consensus “Strong Sell” rating from five analysts and an average price target of $1.92. Institutional investors own approximately 39.4% of the company.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh purchased 60,208 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was bought at an average cost of $0.92 per share, with a total value of $55,391.36. Following the completion of the purchase, the chief executive officer owned 1,000,000 shares of the company's stock, valued at $920,000. This represents a 6.41% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, August 31st, Anthony Li Hsieh bought 145,365 shares of loanDepot stock. The shares were purchased at an average price of $0.94 per share, for a total transaction of $136,643.10.
• On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The stock was purchased at an average price of $0.94 per share, with a total value of $36,295.28.
• On Wednesday, August 26th, Anthony Li Hsieh purchased 284,349 shares of loanDepot stock. The shares were 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 acquired 364,367 shares of loanDepot stock. The stock was purchased at an average price of $0.92 per share, with a total value of $335,217.64.
• On Monday, August 24th, Anthony Li Hsieh bought 107,099 shares of loanDepot stock. The shares were acquired at an average price of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Stock Up 1.8%

Shares of loanDepot stock traded up $0.02 during trading on Wednesday, hitting $0.91. The company's stock had a trading volume of 3,510,881 shares, compared to its average volume of 2,650,787. loanDepot, Inc. has a 52 week low of $0.83 and a 52 week high of $5.05. The company has a market capitalization of $306.07 million, a PE ratio of -3.02 and a beta of 3.40. The company has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.33. The company has a debt-to-equity ratio of 10.60, a quick ratio of 1.11 and a current ratio of 1.11.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LDI shares. The Goldman Sachs Group set a $1.00 target price on loanDepot in a report on Monday, August 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of loanDepot in a research report on Friday, July 17th. Zacks Research cut shares of loanDepot from a "hold" rating to a "strong sell" rating in a report on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of loanDepot from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Two equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Sell" and an average target price of $1.92.

Institutional Investors Weigh In On loanDepot

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDI. Renaissance Technologies LLC raised its stake in loanDepot by 192.4% during the 1st quarter. Renaissance Technologies LLC now owns 819,800 shares of the company's stock valued at $1,164,000 after buying an additional 539,452 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of loanDepot by 36.2% in the second quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company's stock worth $2,870,000 after acquiring an additional 609,893 shares during the period. Lazard Asset Management LLC purchased a new stake in loanDepot during the first quarter valued at $1,318,000. GSA Capital Partners LLP lifted its holdings in loanDepot by 2,266.6% in the fourth quarter. GSA Capital Partners LLP now owns 503,499 shares of the company's stock valued at $1,042,000 after acquiring an additional 482,224 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in loanDepot by 10.6% in the first quarter. Bank of New York Mellon Corp now owns 248,355 shares of the company's stock valued at $353,000 after acquiring an additional 23,769 shares during the period. Hedge funds and other institutional investors own 39.39% of the company's stock.

About loanDepot

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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