loanDepot (NYSE:LDI) Shares Up 3.7%

loanDepot, Inc. (NYSE:LDI)’s stock price traded up 3.7% during mid-day trading on Tuesday . The company traded as high as $1.67 and last traded at $1.67. 500 shares traded hands during trading, a decline of 100% from the average session volume of 447,690 shares. The stock had previously closed at $1.61.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. The Goldman Sachs Group lowered their price target on loanDepot from $2.25 to $1.50 and set a “sell” rating on the stock in a report on Tuesday. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

loanDepot Price Performance

The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 4.80. The stock has a 50-day simple moving average of $1.97 and a two-hundred day simple moving average of $2.46.

loanDepot (NYSE:LDI) last issued its earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). The firm had revenue of $222.79 million for the quarter, compared to the consensus estimate of $232.65 million. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. Research analysts expect that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 198,866 shares of loanDepot stock in a transaction on Friday, May 17th. The stock was sold at an average price of $2.20, for a total transaction of $437,505.20. Following the completion of the sale, the director now directly owns 3,590,891 shares of the company’s stock, valued at approximately $7,899,960.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Anthony Li Hsieh sold 198,866 shares of loanDepot stock in a transaction on Friday, May 17th. The stock was sold at an average price of $2.20, for a total value of $437,505.20. Following the transaction, the director now directly owns 3,590,891 shares in the company, valued at approximately $7,899,960.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frank Martell purchased 25,000 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was bought at an average price of $2.09 per share, for a total transaction of $52,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 386,846 shares in the company, valued at approximately $808,508.14. The disclosure for this purchase can be found here. Insiders sold a total of 677,520 shares of company stock valued at $1,358,805 in the last ninety days. Corporate insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC purchased a new position in shares of loanDepot in the 4th quarter valued at $81,000. Counterpoint Mutual Funds LLC purchased a new position in loanDepot during the 4th quarter worth $106,000. Cullen Capital Management LLC purchased a new position in loanDepot during the 4th quarter worth $150,000. Cetera Advisors LLC grew its stake in loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after buying an additional 15,565 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

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.