GSA Capital Partners LLP Has $457,000 Stock Position in loanDepot, Inc. (NYSE:LDI)

GSA Capital Partners LLP grew its stake in shares of loanDepot, Inc. (NYSE:LDI) by 275.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 167,578 shares of the company’s stock after purchasing an additional 122,957 shares during the period. GSA Capital Partners LLP owned approximately 0.05% of loanDepot worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new position in shares of loanDepot during the third quarter valued at about $27,000. Atria Investments Inc raised its holdings in shares of loanDepot by 41.0% during the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after purchasing an additional 6,372 shares during the period. Requisite Capital Management LLC acquired a new position in shares of loanDepot during the third quarter valued at about $164,000. ERn Financial LLC acquired a new position in shares of loanDepot during the third quarter valued at about $248,000. Finally, American Century Companies Inc. raised its holdings in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the period. Institutional investors and hedge funds own 39.39% of the company’s stock.

Insiders Place Their Bets

In other loanDepot news, insider Jeff Alexander Walsh sold 66,666 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $2.53, for a total value of $168,664.98. Following the completion of the sale, the insider now directly owns 3,938,792 shares of the company’s stock, valued at approximately $9,965,143.76. This represents a 1.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Anthony Li Hsieh sold 10,141 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $2.57, for a total transaction of $26,062.37. Following the completion of the sale, the director now directly owns 1,865,727 shares of the company’s stock, valued at $4,794,918.39. The trade was a 0.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,377,536 shares of company stock valued at $6,001,954. Corporate insiders own 83.04% of the company’s stock.

loanDepot Trading Down 1.9 %

NYSE:LDI opened at $2.28 on Thursday. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a 50-day moving average of $2.43 and a 200-day moving average of $2.23. The company has a market cap of $739.72 million, a PE ratio of -4.38 and a beta of 3.46. loanDepot, Inc. has a one year low of $1.52 and a one year high of $3.71.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LDI. UBS Group boosted their target price on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th.

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.