Jane Street Group LLC Invests $54,000 in loanDepot, Inc. (NYSE:LDI)

Jane Street Group LLC bought a new stake in loanDepot, Inc. (NYSE:LDI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,654 shares of the company’s stock, valued at approximately $54,000.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC bought a new stake in loanDepot during the third quarter valued at about $27,000. Atria Investments Inc lifted its stake in shares of loanDepot by 41.0% in the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after buying an additional 6,372 shares during the period. American Century Companies Inc. lifted its stake in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after buying an additional 19,655 shares during the period. Verition Fund Management LLC lifted its stake in shares of loanDepot by 293.5% in the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after buying an additional 41,767 shares during the period. Finally, Requisite Capital Management LLC bought a new stake in shares of loanDepot in the third quarter valued at about $164,000. 39.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group increased their price target on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th.

Insider Activity

In other news, Director Anthony Li Hsieh sold 255,428 shares of loanDepot stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $2.11, for a total transaction of $538,953.08. Following the transaction, the director now directly owns 7,672,258 shares of the company’s stock, valued at $16,188,464.38. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeff Alexander Walsh sold 66,666 shares of loanDepot stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total transaction of $168,664.98. Following the transaction, the insider now directly owns 3,938,792 shares in the company, valued at approximately $9,965,143.76. This represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,359,358 shares of company stock valued at $3,001,142 over the last three months. 83.04% of the stock is owned by insiders.

loanDepot Stock Performance

NYSE LDI opened at $1.81 on Thursday. loanDepot, Inc. has a 1-year low of $1.52 and a 1-year high of $3.23. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The company has a 50 day moving average of $2.15 and a 200-day moving average of $2.25. The firm has a market cap of $591.87 million, a price-to-earnings ratio of -3.48 and a beta of 3.41.

About loanDepot

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.