Barclays PLC Buys New Shares in loanDepot, Inc. (NYSE:LDI)

Barclays PLC purchased a new position in loanDepot, Inc. (NYSE:LDI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 798,259 shares of the company’s stock, valued at approximately $2,180,000. Barclays PLC owned approximately 0.25% of loanDepot as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Jane Street Group LLC purchased a new stake in loanDepot in the 3rd quarter worth approximately $54,000. Quadrature Capital Ltd boosted its position in shares of loanDepot by 153.8% in the third quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock worth $230,000 after purchasing an additional 51,231 shares during the period. Verition Fund Management LLC increased its stake in shares of loanDepot by 293.5% in the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after purchasing an additional 41,767 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at $897,000. Finally, Empowered Funds LLC lifted its stake in shares of loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock valued at $638,000 after buying an additional 11,792 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their target price on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th.

Insider Activity

In other loanDepot news, 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 completion of the transaction, the insider now owns 3,938,792 shares in the company, valued at $9,965,143.76. This trade represents a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Li Hsieh sold 242,355 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $2.04, for a total transaction of $494,404.20. Following the completion of the sale, the director now owns 3,154,253 shares in the company, valued at approximately $6,434,676.12. This trade represents a 7.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,657,330 shares of company stock worth $3,632,204 over the last 90 days. Corporate insiders own 83.04% of the company’s stock.

loanDepot Stock Performance

LDI opened at $1.89 on Thursday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market capitalization of $618.03 million, a price-to-earnings ratio of -3.63 and a beta of 3.42. The company has a fifty day moving average of $2.23 and a 200 day moving average of $2.25. loanDepot, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.71.

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.