Atria Investments Inc Purchases 6,372 Shares of loanDepot, Inc. (NYSE:LDI)

Atria Investments Inc boosted its stake in shares of loanDepot, Inc. (NYSE:LDI) by 41.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,916 shares of the company’s stock after buying an additional 6,372 shares during the period. Atria Investments Inc’s holdings in loanDepot were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. ERn Financial LLC purchased a new position in loanDepot during the 3rd quarter worth $248,000. Requisite Capital Management LLC acquired a new position in loanDepot in the 3rd quarter worth approximately $164,000. Park Avenue Securities LLC purchased a new position in shares of loanDepot during the third quarter worth $27,000. 272 Capital LP lifted its holdings in shares of loanDepot by 107.4% in 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in loanDepot by 390.6% in the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after acquiring an additional 158,221 shares during the period. Institutional investors own 39.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Anthony Li Hsieh sold 61,747 shares of loanDepot stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $2.65, for a total value of $163,629.55. Following the sale, the director now directly owns 3,595,473 shares of the company’s stock, valued at $9,528,003.45. The trade was a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jeff Alexander Walsh sold 36,811 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total value of $97,917.26. Following the sale, the insider now owns 4,035,317 shares of the company’s stock, valued at $10,733,943.22. The trade was a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,738,350 shares of company stock worth $4,103,572. Company insiders own 83.04% of the company’s stock.

loanDepot Trading Up 0.4 %

Shares of NYSE:LDI opened at $2.34 on Monday. The business’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.23. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. The firm has a market capitalization of $765.18 million, a price-to-earnings ratio of -4.50 and a beta of 3.46. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16.

Wall Street Analysts Forecast Growth

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

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.