Insider Buying: loanDepot (NYSE:LDI) CEO Buys $95,318.11 in Stock

loanDepot, Inc. (NYSE:LDIGet Free Report) CEO Anthony Li Hsieh purchased 107,099 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average price of $0.89 per share, for a total transaction of $95,318.11. Following the acquisition, the chief executive officer directly owned 107,099 shares in the company, valued at $95,318.11. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

Anthony Li Hsieh also recently made the following trade(s):

  • On Thursday, August 27th, Anthony Li Hsieh purchased 38,612 shares of loanDepot stock. The stock was bought at an average price of $0.94 per share, with a total value of $36,295.28.
  • On Wednesday, August 26th, Anthony Li Hsieh acquired 284,349 shares of loanDepot stock. The shares were purchased at an average cost of $0.89 per share, with a total value of $253,070.61.
  • On Tuesday, August 25th, Anthony Li Hsieh acquired 364,367 shares of loanDepot stock. The shares were purchased at an average price of $0.92 per share, for a total transaction of $335,217.64.

loanDepot Trading Down 1.5%

LDI stock opened at $0.96 on Friday. loanDepot, Inc. has a twelve month low of $0.83 and a twelve month high of $5.05. The stock has a market capitalization of $323.97 million, a price-to-earnings ratio of -3.20 and a beta of 3.37. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 10.60. The firm’s fifty day simple moving average is $1.04 and its two-hundred day simple moving average is $1.36.

Institutional Trading of loanDepot

Several institutional investors and hedge funds have recently modified their holdings of LDI. Russell Investments Group Ltd. purchased a new stake in shares of loanDepot in the third quarter valued at approximately $35,000. Harbour Investments Inc. grew its stake in loanDepot by 94.7% in the fourth quarter. Harbour Investments Inc. now owns 17,522 shares of the company’s stock worth $36,000 after purchasing an additional 8,522 shares in the last quarter. Bank of Montreal Can purchased a new position in loanDepot during the 4th quarter worth $38,000. Insigneo Advisory Services LLC bought a new stake in loanDepot during the 4th quarter valued at $39,000. Finally, Invesco Ltd. purchased a new stake in shares of loanDepot in the 1st quarter worth $44,000. Institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LDI. Zacks Research upgraded loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group set a $1.00 price target on loanDepot in a report on Monday, August 10th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a report on Friday, July 17th. Finally, Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, loanDepot has an average rating of “Reduce” and an average price target of $1.92.

Read Our Latest Report on LDI

About loanDepot

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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