loanDepot (NYSE:LDI) CEO Acquires $253,070.61 in Stock

Key Points

• CEO Anthony Li Hsieh purchased 284,349 loanDepot shares for $253,070.61 at an average price of $0.89, increasing his direct ownership by 60.31% to 755,815 shares. He also made three additional purchases totaling more than 510,000 shares in the preceding days.
• loanDepot shares rose 10.3% to $0.97, but remain well below their 50-day and 200-day moving averages and close to the company’s 12-month low of $0.83. The stock has a $328.7 million market capitalization and high debt-to-equity ratio of 10.60.
• Analyst sentiment remains cautious, with an average rating of “Reduce” and a consensus price target of $1.92; three analysts rate the stock Hold and two rate it Sell.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh bought 284,349 shares of the business's stock in a transaction dated Wednesday, August 26th. The shares were bought at an average cost of $0.89 per share, for a total transaction of $253,070.61. Following the completion of the transaction, the chief executive officer directly owned 755,815 shares of the company's stock, valued at $672,675.35. This trade represents a 60.31% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The shares were bought at an average cost of $0.94 per share, with a total value of $36,295.28.
• On Tuesday, August 25th, Anthony Li Hsieh purchased 364,367 shares of loanDepot stock. The stock was bought at an average price 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 stock was bought at an average cost of $0.89 per share, for a total transaction of $95,318.11.

loanDepot Trading Up 10.3%

NYSE LDI traded up $0.09 on Thursday, hitting $0.97. 9,039,221 shares of the company were exchanged, compared to its average volume of 2,622,378. The company's 50 day moving average price is $1.05 and its 200-day moving average price is $1.37. The company has a debt-to-equity ratio of 10.60, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $328.70 million, a P/E ratio of -3.24 and a beta of 3.37. loanDepot, Inc. has a twelve month low of $0.83 and a twelve month high of $5.05.

Institutional Trading of loanDepot

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. acquired a new position in loanDepot in the 3rd quarter valued at approximately $35,000. Harbour Investments Inc. grew its holdings in shares of loanDepot by 94.7% during the 4th quarter. Harbour Investments Inc. now owns 17,522 shares of the company's stock valued at $36,000 after acquiring an additional 8,522 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of loanDepot during the 4th quarter valued at $38,000. Insigneo Advisory Services LLC acquired a new position in shares of loanDepot in the fourth quarter worth $39,000. Finally, Invesco Ltd. acquired a new position in shares of loanDepot in the first quarter worth $44,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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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