loanDepot (NYSE:LDI) Stock Price Up 3.1%

loanDepot, Inc. (NYSE:LDI)’s stock price rose 3.1% on Tuesday . The stock traded as high as $2.77 and last traded at $2.70. Approximately 456,769 shares changed hands during trading, a decline of 10% from the average daily volume of 509,903 shares. The stock had previously closed at $2.62.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JMP Securities reiterated a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st. The Goldman Sachs Group lifted their price objective on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a report on Thursday, August 8th. Finally, UBS Group lifted their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday.

loanDepot Trading Down 2.9 %

The stock has a market cap of $823.54 million, a P/E ratio of -4.46 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.25.

loanDepot (NYSE:LDI) last released its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. On average, equities research analysts expect that loanDepot, Inc. will post -0.31 EPS for the current year.

Insider Buying and Selling

In related news, Director Anthony Li Hsieh sold 152,794 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.87, for a total value of $438,518.78. Following the completion of the sale, the director now owns 2,237,666 shares in the company, valued at approximately $6,422,101.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other loanDepot news, Director Anthony Li Hsieh sold 152,794 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $2.87, for a total value of $438,518.78. Following the completion of the sale, the director now owns 2,237,666 shares in the company, valued at $6,422,101.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff Alexander Walsh sold 50,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total value of $142,500.00. Following the completion of the sale, the insider now owns 4,122,128 shares of the company’s stock, valued at approximately $11,748,064.80. The disclosure for this sale can be found here. Insiders sold 1,599,300 shares of company stock worth $4,417,871 in the last quarter. 83.04% of the stock is owned by insiders.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently modified their holdings of the stock. CastleKnight Management LP bought a new position in loanDepot in the fourth quarter valued at about $1,644,000. Jump Financial LLC bought a new position in loanDepot in the fourth quarter valued at about $81,000. Cullen Capital Management LLC bought a new position in loanDepot in the fourth quarter valued at about $150,000. Cetera Advisors LLC lifted its holdings in loanDepot by 66.3% in the first 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. Finally, Empowered Funds LLC lifted its holdings in loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after acquiring an additional 15,565 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Company 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.