loanDepot, Inc. (NYSE:LDI - Get Free Report) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,190,000 shares, a decline of 17.0% from the March 15th total of 2,640,000 shares. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 2.1 days. Currently, 3.0% of the shares of the company are short sold.
Analysts Set New Price Targets
Separately, UBS Group reduced their price objective on loanDepot from $1.35 to $1.25 and set a "neutral" rating for the company in a report on Wednesday, April 16th.
Read Our Latest Analysis on LDI
Institutional Trading of loanDepot
Large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in loanDepot in the 3rd quarter valued at approximately $54,000. Barclays PLC acquired a new stake in loanDepot during the third quarter worth approximately $2,180,000. Geode Capital Management LLC boosted its holdings in shares of loanDepot by 21.0% during the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company's stock worth $1,968,000 after buying an additional 125,059 shares in the last quarter. Empowered Funds LLC lifted its position in shares of loanDepot by 5.0% during the 4th quarter. Empowered Funds LLC now owns 245,189 shares of the company's stock valued at $500,000 after acquiring an additional 11,647 shares during the period. Finally, Atria Investments Inc grew its holdings in loanDepot by 29.2% in the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock worth $58,000 after purchasing an additional 6,397 shares during the period. 39.39% of the stock is owned by institutional investors and hedge funds.
loanDepot Price Performance
Shares of LDI traded down $0.02 during trading hours on Friday, hitting $1.08. 158,434 shares of the company were exchanged, compared to its average volume of 1,003,981. The company has a market cap of $352.90 million, a price-to-earnings ratio of -2.07, a P/E/G ratio of 0.25 and a beta of 3.38. The firm's fifty day moving average is $1.37 and its 200 day moving average is $1.80. loanDepot has a fifty-two week low of $1.01 and a fifty-two week high of $3.23. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76.
loanDepot Company Profile
(
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loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.
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