loanDepot (NYSE:LDI - Free Report) had its target price trimmed by UBS Group from $1.35 to $1.25 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has a neutral rating on the stock.
loanDepot Price Performance
Shares of loanDepot stock traded down $0.01 during trading on Wednesday, reaching $1.10. 477,428 shares of the company's stock were exchanged, compared to its average volume of 793,611. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. loanDepot has a 1-year low of $1.01 and a 1-year high of $3.23. The company has a market cap of $359.47 million, a P/E ratio of -2.11, a PEG ratio of 0.25 and a beta of 3.38. The firm's 50-day moving average price is $1.41 and its 200 day moving average price is $1.83.
Hedge Funds Weigh In On loanDepot
Institutional investors have recently added to or reduced their stakes in the stock. Knightsbridge Asset Management LLC boosted its position in loanDepot by 3.0% in the fourth quarter. Knightsbridge Asset Management LLC now owns 3,088,110 shares of the company's stock valued at $6,300,000 after buying an additional 88,815 shares in the last quarter. Cannell & Spears LLC lifted its stake in shares of loanDepot by 301.3% in the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock valued at $2,640,000 after acquiring an additional 971,700 shares during the last quarter. Barclays PLC boosted its holdings in shares of loanDepot by 25.1% during the 4th quarter. Barclays PLC now owns 998,259 shares of the company's stock valued at $2,036,000 after acquiring an additional 200,000 shares in the last quarter. Tidal Investments LLC bought a new stake in loanDepot during the 4th quarter worth $1,691,000. Finally, Geode Capital Management LLC grew its position in loanDepot by 7.5% during the 4th quarter. Geode Capital Management LLC now owns 775,097 shares of the company's stock worth $1,582,000 after acquiring an additional 54,350 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.
About loanDepot
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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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