Wolverine Asset Management LLC Sells 290,865 Shares of loanDepot, Inc. $LDI

Wolverine Asset Management LLC cut its position in shares of loanDepot, Inc. (NYSE:LDI) by 24.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 887,784 shares of the company’s stock after selling 290,865 shares during the quarter. Wolverine Asset Management LLC owned 0.27% of loanDepot worth $2,725,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. CWM LLC acquired a new position in loanDepot during the third quarter worth $32,000. Citizens Financial Group Inc. RI acquired a new position in shares of loanDepot during the third quarter valued at $43,000. Voya Investment Management LLC acquired a new stake in loanDepot in the third quarter worth about $43,000. Los Angeles Capital Management LLC bought a new stake in loanDepot during the 2nd quarter worth about $46,000. Finally, Invesco Ltd. acquired a new position in loanDepot during the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

LDI has been the subject of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. UBS Group lifted their price objective on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley set a $1.75 target price on loanDepot in a report on Monday, December 1st. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, The Goldman Sachs Group set a $2.40 price target on loanDepot in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $2.38.

Insider Buying and Selling at loanDepot

In other loanDepot news, CEO Anthony Li Hsieh sold 884,495 shares of loanDepot stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $2.70, for a total value of $2,388,136.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 5,890,027 shares of company stock worth $15,413,757 over the last three months. 78.05% of the stock is currently owned by company insiders.

loanDepot Trading Up 19.9%

loanDepot stock opened at $3.20 on Friday. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50-day simple moving average of $2.54 and a 200 day simple moving average of $2.53. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.89, a PEG ratio of 0.63 and a beta of 3.47. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $5.05.

loanDepot (NYSE:LDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $325.16 million for the quarter, compared to analyst estimates of $309.20 million. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%. Analysts expect that loanDepot, Inc. will post -0.23 earnings per share for the current year.

loanDepot Company Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.