loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh purchased 242,106 shares in a trade that took place on Thursday, February 3. The shares were purchased at an average price of $3.76 per share, with a total value of $910,318.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website.
Anthony Li Hsieh also recently made the following trade(s):
- On Monday, February 7, Anthony Li Hsieh purchased 1,010,318 shares of LoanDepot. The shares were purchased at an average price of $3.64 per share, with a total value of $3,677,557.52.
NYSE LDI shares were down $0.20 at midday Monday, hitting $3.57. 3,254,015 shares of the company have been traded, against an average volume of 1,292,075. The company has a debt ratio of 1.23, a current ratio of 1.10 and a quick ratio of 1.10. loanDepot, Inc. has a 12-month low of $3.55 and a 12-month high of $39.85. The company has a market capitalization of $1.10 billion and a PE ratio of 4.13. The company’s fifty-day simple moving average is $4.72 and its 200-day simple moving average is $6.60.
loanDepot (NYSE:LDI) last released its results on Monday, January 31. The company reported earnings per share of $0.09 for the quarter, missing the consensus estimate of $0.16 per ($0.07). loanDepot had a return on equity of 33.19% and a net margin of 3.05%. The company posted revenue of $705.03 million for the quarter, versus analyst estimates of $700.87 million. Equity analysts expect loanDepot, Inc. to post EPS of 0.61 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 18. Investors of record on Monday, January 3 received a dividend of $0.08 per share. The ex-dividend date was Friday, December 31. This represents a dividend of $0.32 on an annualized basis and a yield of 8.96%. loanDepot’s dividend payout rate is currently 27.27%.
A number of stock analysts have recently commented on the company. Citigroup cut LoanDepot to a “neutral” rating and lowered its target price for the company from $12.00 to $5.00 in a Wednesday, February 2, report. Piper Sandler upgraded LoanDepot from a “neutral” rating to an “overweight” rating and lowered its target price for the company from $9.00 to $8.00 in a Wednesday, January 5, report. Credit Suisse Group cut its price target on loanDepot from $15.00 to $13.00 and set an “outperform” rating on the stock in a Tuesday, Nov. 2 research report. Raymond James downgraded loanDepot to a “market performance” rating in a Wednesday, Feb. 2 research report. Finally, Zacks Investment Research downgraded loanDepot from a “hold” rating to a “sell” rating in a Wednesday, February 2, research report. Two equity research analysts gave the stock a sell rating, six gave the stock a hold rating and seven gave the stock a buy rating. According to data from MarketBeat, loanDepot currently has a consensus rating of “Hold” and a consensus price target of $14.81.
Large investors have recently increased or reduced their stakes in the stock. Capstone Financial Advisors Inc. bought a new position in loanDepot during Q3 worth approximately $68,000. Raymond James Financial Services Advisors Inc. bought a new position in LoanDepot during Q3 worth approximately $85,000. Barclays PLC bought a new position in loanDepot during Q3 worth around $86,000. CIBC Asset Management Inc. acquired a new position in loanDepot during Q3 worth approximately $87,000. Finally, Goldman Sachs Group Inc. increased its stake in loanDepot by 18.1% during the third quarter. Goldman Sachs Group Inc. now owns 14,981 shares of the company worth $101,000 after buying 2,296 additional shares in the last quarter. Hedge funds and other institutional investors hold 57.07% of the company’s shares.
LoanDepot Company Profile
loanDepot, Inc engages in the origination and servicing of conventional and government mortgage loans in the United States. It offers conventional jumbo agency-compliant and prime, home equity, Federal Housing Administration, and VA loans. The Company also provides settlement services, which include captive securities and escrow activities; real estate services, which cover captive real estate referencing activities; and insurance services, including landlord services, and other consumer insurance policies.
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