Quantbot Technologies LP Acquires New Position in loanDepot, Inc. (NYSE:LDI)

Quantbot Technologies LP bought a new position in shares of loanDepot, Inc. (NYSE:LDI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 27,274 shares of the company’s stock, valued at approximately $56,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in shares of loanDepot during the third quarter worth $2,180,000. Walleye Capital LLC purchased a new stake in loanDepot during the 3rd quarter worth about $897,000. Geode Capital Management LLC raised its position in loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of loanDepot by 5.0% in the 4th quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after buying an additional 11,647 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of loanDepot during the third quarter worth about $54,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, UBS Group reduced their target price on shares of loanDepot from $2.00 to $1.35 and set a “neutral” rating on the stock in a report on Friday, March 14th.

loanDepot Stock Performance

Shares of LDI stock opened at $1.15 on Wednesday. The company has a market cap of $375.88 million, a P/E ratio of -2.20, a PEG ratio of 0.25 and a beta of 3.36. The firm has a fifty day moving average price of $1.57 and a 200 day moving average price of $2.00. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.23.

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.