loanDepot (NYSE:LDI) Shares Down 3.9% - What's Next?

loanDepot, Inc. (NYSE:LDI - Get Free Report)'s share price traded down 3.9% during mid-day trading on Thursday . The stock traded as low as $1.63 and last traded at $1.62. 559,969 shares traded hands during trading, a decline of 39% from the average session volume of 922,160 shares. The stock had previously closed at $1.68.

Wall Street Analysts Forecast Growth

Separately, UBS Group set a $1.40 price target on loanDepot and gave the company a "neutral" rating in a report on Wednesday.

loanDepot Price Performance

The company has a debt-to-equity ratio of 6.48, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market cap of $540.72 million, a price-to-earnings ratio of -3.64 and a beta of 3.33. The business's fifty day simple moving average is $1.32 and its 200 day simple moving average is $1.43.

loanDepot (NYSE:LDI - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The company had revenue of $273.62 million during the quarter, compared to analyst estimates of $275.11 million. loanDepot had a negative net margin of 7.74% and a negative return on equity of 18.41%. Research analysts predict that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LDI. Atria Investments Inc boosted its holdings in loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock worth $58,000 after buying an additional 6,397 shares in the last quarter. Quantbot Technologies LP acquired a new position in loanDepot in the 4th quarter worth approximately $56,000. American Century Companies Inc. boosted its stake in loanDepot by 12.8% in the 4th quarter. American Century Companies Inc. now owns 120,232 shares of the company's stock worth $245,000 after purchasing an additional 13,628 shares during the period. LPL Financial LLC boosted its stake in loanDepot by 39.3% in the 4th quarter. LPL Financial LLC now owns 40,035 shares of the company's stock worth $82,000 after purchasing an additional 11,286 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in loanDepot by 70.5% in the 4th quarter. JPMorgan Chase & Co. now owns 306,221 shares of the company's stock worth $625,000 after purchasing an additional 126,615 shares during the period. 39.39% of the stock is currently owned by institutional investors.

loanDepot Company Profile

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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