loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Purchases 145,365 Shares of Stock

Key Points

• CEO Anthony Li Hsieh bought 145,365 loanDepot shares at an average price of $0.94, investing $136,643 and increasing his direct holdings by 18.3% to 939,792 shares.
• Hsieh has made several additional purchases since August 24, acquiring more than 850,000 shares in total across the disclosed transactions.
• loanDepot shares recently traded at $0.91, near their 52-week low, while analysts maintained a largely negative outlook: the stock has a consensus “Strong Sell” rating and a $1.92 price target.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh purchased 145,365 shares of the business's stock in a transaction on Monday, August 31st. The shares were acquired at an average price of $0.94 per share, for a total transaction of $136,643.10. Following the completion of the acquisition, the chief executive officer directly owned 939,792 shares in the company, valued at approximately $883,404.48. This represents a 18.30% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, September 1st, Anthony Li Hsieh acquired 60,208 shares of loanDepot stock. The stock was bought at an average price of $0.92 per share, with a total value of $55,391.36.
• On Thursday, August 27th, Anthony Li Hsieh bought 38,612 shares of loanDepot stock. The shares were bought at an average price of $0.94 per share, for a total transaction of $36,295.28.
• On Wednesday, August 26th, Anthony Li Hsieh bought 284,349 shares of loanDepot stock. The shares were bought at an average cost 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 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, with a total value of $95,318.11.

loanDepot Stock Up 1.8%

Shares of NYSE LDI traded up $0.02 during trading on Wednesday, hitting $0.91. 3,510,881 shares of the company traded hands, compared to its average volume of 2,650,787. The firm has a market capitalization of $306.07 million, a price-to-earnings ratio of -3.02 and a beta of 3.40. The business's fifty day moving average is $1.03 and its 200 day moving average is $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. loanDepot, Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $5.05.

Analyst Ratings Changes

LDI has been the topic of a number of recent research reports. The Goldman Sachs Group set a $1.00 target price on loanDepot in a report on Monday, August 10th. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of loanDepot in a research report on Friday, July 17th. Finally, Zacks Research lowered loanDepot from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 27th. Two research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Sell" and a consensus price target of $1.92.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of loanDepot in the third quarter worth $35,000. Harbour Investments Inc. grew its position in loanDepot by 94.7% during the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company's stock worth $36,000 after buying an additional 8,522 shares in the last quarter. Bank of Montreal Can bought a new position in loanDepot in the 4th quarter worth about $38,000. Insigneo Advisory Services LLC purchased a new stake in shares of loanDepot in the 4th quarter valued at about $39,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of loanDepot by 179.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 19,420 shares of the company's stock valued at $60,000 after acquiring an additional 12,472 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

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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