Bridgeway Capital Management LLC Sells 88,353 Shares of loanDepot, Inc. (NYSE:LDI)

Bridgeway Capital Management LLC trimmed its stake in shares of loanDepot, Inc. (NYSE:LDI) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,057,853 shares of the company’s stock after selling 88,353 shares during the quarter. Bridgeway Capital Management LLC’s holdings in loanDepot were worth $2,158,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in loanDepot in the third quarter valued at about $54,000. Barclays PLC acquired a new position in shares of loanDepot in the 3rd quarter valued at approximately $2,180,000. Empowered Funds LLC lifted its holdings in shares of loanDepot by 5.0% during the 4th quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock worth $500,000 after acquiring an additional 11,647 shares during the period. Atria Investments Inc boosted its position in shares of loanDepot by 29.2% during the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock worth $58,000 after acquiring an additional 6,397 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in loanDepot in the fourth quarter valued at approximately $56,000. 39.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, UBS Group cut their target price on loanDepot from $1.35 to $1.25 and set a “neutral” rating for the company in a research note on Wednesday, April 16th.

loanDepot Stock Performance

loanDepot stock opened at $1.14 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock has a market cap of $374.24 million, a PE ratio of -2.19, a P/E/G ratio of 0.25 and a beta of 3.38. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $3.23. The business’s 50-day moving average price is $1.26 and its two-hundred day moving average price is $1.73.

loanDepot (NYSE:LDI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08). The company had revenue of $273.62 million for the quarter, compared to the consensus estimate of $275.11 million. loanDepot had a negative net margin of 8.95% and a negative return on equity of 14.66%. As a group, analysts expect that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

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.