Insider Buying: loanDepot (NYSE:LDI) CEO Purchases 107,099 Shares

Key Points

• loanDepot CEO Anthony Li Hsieh purchased 107,099 shares at an average price of $0.89, investing approximately $95,318. He also bought 364,367 additional shares the following day at $0.92 per share.
• loanDepot shares traded around $0.88, near their 52-week low of $0.83, with a market capitalization of roughly $297 million. The company has substantial leverage, reflected in its 10.60 debt-to-equity ratio.
• Analysts maintain a cautious outlook: loanDepot has a consensus rating of “Reduce”, with three Hold and two Sell ratings and an average price target of $1.92.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh acquired 107,099 shares of the stock in a transaction dated Monday, August 24th. The shares were bought at an average cost of $0.89 per share, for a total transaction of $95,318.11. Following the completion of the transaction, the chief executive officer owned 107,099 shares in the company, valued at approximately $95,318.11. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Tuesday, August 25th, Anthony Li Hsieh acquired 364,367 shares of loanDepot stock. The shares were bought at an average price of $0.92 per share, with a total value of $335,217.64.

loanDepot Stock Performance

loanDepot stock traded down $0.04 during midday trading on Wednesday, hitting $0.88. The stock had a trading volume of 1,956,594 shares, compared to its average volume of 2,582,272. 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 $296.94 million, a PE ratio of -2.93 and a beta of 3.37. The firm's fifty day moving average is $1.06 and its two-hundred day moving average is $1.38. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 10.60.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently added to or reduced their stakes in LDI. Millennium Management LLC boosted its position in shares of loanDepot by 622.6% during the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company's stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the last quarter. Vanguard Group Inc. increased its holdings in loanDepot by 5.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company's stock valued at $13,902,000 after acquiring an additional 226,347 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in loanDepot by 22.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,596,426 shares of the company's stock worth $5,375,000 after purchasing an additional 472,159 shares in the last quarter. Wasatch Advisors LP lifted its stake in loanDepot by 36.2% in the 2nd quarter. Wasatch Advisors LP now owns 2,296,300 shares of the company's stock worth $2,870,000 after purchasing an additional 609,893 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of loanDepot by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,194,199 shares of the company's stock valued at $4,543,000 after purchasing an additional 148,644 shares during the last quarter. 39.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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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