Marshall Wace LLP boosted its stake in loanDepot, Inc. (NYSE:LDI - Free Report) by 132.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 465,297 shares of the company's stock after acquiring an additional 264,928 shares during the period. Marshall Wace LLP owned 0.14% of loanDepot worth $949,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at $54,000. RPO LLC bought a new stake in shares of loanDepot during the fourth quarter valued at about $55,000. Quantbot Technologies LP purchased a new position in loanDepot during the fourth quarter valued at approximately $56,000. Atria Investments Inc grew its stake in loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock valued at $58,000 after acquiring an additional 6,397 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in loanDepot during the 4th quarter worth approximately $81,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.
loanDepot Price Performance
Shares of NYSE LDI traded up $0.01 during midday trading on Tuesday, hitting $1.09. 156,645 shares of the company's stock were exchanged, compared to its average volume of 977,090. The business's fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.75. The company has a market cap of $356.19 million, a price-to-earnings ratio of -2.09, a PEG ratio of 0.25 and a beta of 3.38. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $3.23.
Wall Street Analysts Forecast Growth
Separately, UBS Group reduced their price target on shares of loanDepot from $1.35 to $1.25 and set a "neutral" rating for the company in a research report on Wednesday, April 16th.
Get Our Latest Research Report on LDI
loanDepot Profile
(
Free Report)
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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