loanDepot, Inc. (NYSE:LDI – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 2,610,000 shares, an increase of 8.8% from the August 15th total of 2,400,000 shares. Based on an average trading volume of 619,300 shares, the short-interest ratio is currently 4.2 days. Approximately 4.0% of the company’s shares are short sold.
Insider Buying and Selling at loanDepot
In other loanDepot news, Director Anthony Li Hsieh sold 267,972 shares of loanDepot stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $2.74, for a total transaction of $734,243.28. Following the completion of the sale, the director now directly owns 3,242,985 shares in the company, valued at $8,885,778.90. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Jeff Alexander Walsh sold 50,000 shares of loanDepot stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total value of $142,500.00. Following the completion of the transaction, the insider now owns 4,122,128 shares in the company, valued at $11,748,064.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony Li Hsieh sold 267,972 shares of loanDepot stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $2.74, for a total transaction of $734,243.28. Following the completion of the transaction, the director now owns 3,242,985 shares of the company’s stock, valued at approximately $8,885,778.90. The disclosure for this sale can be found here. Insiders sold a total of 2,198,059 shares of company stock worth $5,945,740 over the last three months. Insiders own 83.04% of the company’s stock.
Hedge Funds Weigh In On loanDepot
A number of institutional investors and hedge funds have recently made changes to their positions in LDI. Jump Financial LLC acquired a new stake in loanDepot in the 4th quarter valued at about $81,000. Cullen Capital Management LLC acquired a new stake in loanDepot in the 4th quarter valued at about $150,000. American Century Companies Inc. grew its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after acquiring an additional 19,655 shares during the last quarter. Cetera Advisors LLC grew its stake in loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares during the last quarter. Finally, 272 Capital LP grew its stake in loanDepot by 107.4% in the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after acquiring an additional 94,883 shares during the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Check Out Our Latest Analysis on loanDepot
loanDepot Stock Performance
loanDepot stock traded down $0.15 during trading hours on Wednesday, reaching $3.04. 533,975 shares of the stock were exchanged, compared to its average volume of 535,525. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. loanDepot has a 52-week low of $1.14 and a 52-week high of $3.71. The stock has a market cap of $983.71 million, a P/E ratio of -5.30 and a beta of 3.43. The firm’s 50 day moving average is $2.38 and its 200 day moving average is $2.24.
loanDepot (NYSE:LDI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $267.66 million. Analysts predict that loanDepot will post -0.31 EPS for the current fiscal 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.
Featured Articles
- Five stocks we like better than loanDepot
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Capitalize on Micron’s 24% Drop—Wall Street Eyes Major Upside
- Industrial Products Stocks Investing
- Stocks to Take Advantage of Rising Gold Prices
- What is the Dogs of the Dow Strategy? Overview and Examples
- Smartsheet Is a Smart Buy for Traders and Investors: Here’s Why
Receive News & Ratings for loanDepot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for loanDepot and related companies with MarketBeat.com's FREE daily email newsletter.