Marshall Wace LLP Purchases 264,928 Shares of loanDepot, Inc. (NYSE:LDI)

Marshall Wace LLP lifted its holdings in loanDepot, Inc. (NYSE:LDI - Free Report) by 132.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465,297 shares of the company's stock after acquiring an additional 264,928 shares during the quarter. Marshall Wace LLP owned approximately 0.14% of loanDepot worth $949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cannell & Spears LLC grew its holdings in loanDepot by 301.3% during the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock worth $2,640,000 after acquiring an additional 971,700 shares during the period. Barclays PLC acquired a new position in loanDepot during the third quarter valued at approximately $2,180,000. Geode Capital Management LLC grew its stake in shares of loanDepot by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 775,097 shares of the company's stock valued at $1,582,000 after buying an additional 54,350 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in loanDepot by 70.5% during the fourth 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. Finally, Empowered Funds LLC increased its holdings in shares of loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company's stock valued at $500,000 after purchasing an additional 11,647 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.

Analyst Ratings Changes

Separately, UBS Group lowered their price target on shares of loanDepot from $1.35 to $1.25 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th.

loanDepot Price Performance

Shares of LDI stock traded up $0.02 on Friday, hitting $1.16. 410,386 shares of the company's stock were exchanged, compared to its average volume of 810,354. loanDepot, Inc. has a 12 month low of $1.01 and a 12 month high of $3.23. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The company has a 50 day moving average of $1.31 and a 200 day moving average of $1.76. The stock has a market cap of $379.17 million, a P/E ratio of -2.22, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38.

loanDepot 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.