Atria Investments Inc Increases Stock Holdings in loanDepot, Inc. (NYSE:LDI)

Atria Investments Inc raised its stake in shares of loanDepot, Inc. (NYSE:LDI) by 41.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,916 shares of the company’s stock after purchasing an additional 6,372 shares during the quarter. Atria Investments Inc’s holdings in loanDepot were worth $60,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC purchased a new stake in loanDepot in the third quarter worth $27,000. American Century Companies Inc. boosted its stake in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after acquiring an additional 19,655 shares in the last quarter. Cetera Advisors LLC boosted its position in shares of 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 purchasing an additional 45,173 shares in the last quarter. Wolverine Asset Management LLC grew its stake in shares of loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares during the last quarter. Finally, Requisite Capital Management LLC purchased a new stake in loanDepot during the 3rd quarter valued at about $164,000. 39.39% of the stock is currently owned by institutional investors.

loanDepot Stock Performance

NYSE:LDI opened at $2.34 on Monday. The stock has a 50-day moving average price of $2.42 and a 200 day moving average price of $2.23. The stock has a market capitalization of $765.18 million, a P/E ratio of -4.50 and a beta of 3.46. loanDepot, Inc. has a 12-month low of $1.52 and a 12-month high of $3.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76.

Insider Activity

In related news, Director Anthony Li Hsieh sold 480,088 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $2.32, for a total value of $1,113,804.16. Following the sale, the director now owns 2,463,356 shares in the company, valued at approximately $5,714,985.92. The trade was a 16.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jeff Alexander Walsh sold 66,666 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $2.53, for a total transaction of $168,664.98. Following the transaction, the insider now owns 3,938,792 shares of the company’s stock, valued at $9,965,143.76. This trade represents a 1.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,738,350 shares of company stock worth $4,103,572 over the last quarter. Insiders own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LDI shares. UBS Group boosted their target price on 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 lifted their target price on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research report on Thursday, November 14th.

loanDepot 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.