GSA Capital Partners LLP Buys 122,957 Shares of loanDepot, Inc. (NYSE:LDI)

GSA Capital Partners LLP grew its stake in shares of loanDepot, Inc. (NYSE:LDI) by 275.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 167,578 shares of the company’s stock after acquiring an additional 122,957 shares during the period. GSA Capital Partners LLP’s holdings in loanDepot were worth $457,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LDI. Cetera Advisors LLC grew its position in shares of loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares during the period. Wolverine Asset Management LLC lifted its stake in shares of loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock valued at $1,683,000 after buying an additional 57,546 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of loanDepot by 27.3% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of loanDepot by 390.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after buying an additional 158,221 shares in the last quarter. Finally, 272 Capital LP lifted its stake in shares of loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after buying an additional 94,883 shares in the last quarter. 39.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LDI has been the topic of a number of recent research reports. The Goldman Sachs Group upped their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th. UBS Group increased their target price on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Insiders Place Their Bets

In other news, Director Anthony Li Hsieh sold 146,072 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $2.52, for a total value of $368,101.44. Following the transaction, the director now owns 7,333,888 shares of the company’s stock, valued at $18,481,397.76. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jeff Alexander Walsh sold 36,811 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total transaction of $97,917.26. Following the completion of the transaction, the insider now directly owns 4,035,317 shares in the company, valued at $10,733,943.22. The trade was a 0.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,377,536 shares of company stock worth $6,001,954 in the last three months. 83.04% of the stock is currently owned by corporate insiders.

loanDepot Stock Performance

NYSE LDI opened at $2.28 on Thursday. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. 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 stock has a market capitalization of $739.72 million, a PE ratio of -4.38 and a beta of 3.46. The company’s 50 day simple moving average is $2.43 and its two-hundred day simple moving average is $2.23.

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.