272 Capital LP Grows Stake in loanDepot, Inc. (NYSE:LDI)

272 Capital LP increased its position in loanDepot, Inc. (NYSE:LDI) by 107.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 183,190 shares of the company’s stock after purchasing an additional 94,883 shares during the period. 272 Capital LP owned approximately 0.06% of loanDepot worth $302,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in loanDepot during the 4th quarter valued at $81,000. Cullen Capital Management LLC purchased a new stake in shares of loanDepot during the fourth quarter valued at $150,000. American Century Companies Inc. increased its holdings in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after buying an additional 19,655 shares in the last quarter. Cetera Advisors LLC raised its position in loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in loanDepot by 390.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after acquiring an additional 158,221 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 639,186 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $2.97, for a total value of $1,898,382.42. Following the completion of the sale, the director now owns 2,390,460 shares in the company, valued at $7,099,666.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other loanDepot news, Director Anthony Li Hsieh sold 639,186 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $2.97, for a total value of $1,898,382.42. Following the completion of the transaction, the director now directly owns 2,390,460 shares in the company, valued at $7,099,666.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jeff Alexander Walsh sold 50,000 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $2.85, for a total transaction of $142,500.00. Following the completion of the sale, the insider now directly owns 4,122,128 shares of the company’s stock, valued at $11,748,064.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,198,059 shares of company stock worth $5,945,740. Corporate insiders own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LDI. UBS Group increased their price objective on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group increased their price target on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a report on Thursday, August 8th. Finally, JMP Securities restated a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st.

loanDepot Price Performance

Shares of NYSE:LDI opened at $2.71 on Tuesday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. The stock has a market capitalization of $876.93 million, a PE ratio of -4.75 and a beta of 3.43. The firm’s 50 day moving average price is $2.44 and its 200-day moving average price is $2.24. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71.

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

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.