Jane Street Group LLC Purchases Shares of 19,654 loanDepot, Inc. (NYSE:LDI)

Jane Street Group LLC bought a new position in shares of loanDepot, Inc. (NYSE:LDI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 19,654 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LDI. Quadrature Capital Ltd increased its holdings in shares of loanDepot by 153.8% during the 3rd quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock worth $230,000 after buying an additional 51,231 shares during the last quarter. Verition Fund Management LLC lifted its position in shares of loanDepot by 293.5% during the 3rd 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 during the last quarter. Walleye Capital LLC purchased a new stake in shares of loanDepot during the 3rd quarter worth $897,000. Empowered Funds LLC raised its stake in loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after acquiring an additional 11,792 shares in the last quarter. Finally, GSA Capital Partners LLP increased its stake in loanDepot by 275.6% in the third quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock valued at $457,000 after purchasing an additional 122,957 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 444,618 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of $2.11, for a total transaction of $938,143.98. Following the transaction, the director now directly owns 2,479,960 shares in the company, valued at $5,232,715.60. This represents a 15.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jeff Alexander Walsh sold 66,666 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was 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 approximately $9,965,143.76. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,359,358 shares of company stock valued at $3,001,142 over the last 90 days. Corporate insiders own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group boosted their price target on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th.

loanDepot Stock Performance

Shares of LDI stock opened at $1.81 on Thursday. loanDepot, Inc. has a one year low of $1.52 and a one year high of $3.23. The company has a 50 day moving average price of $2.15 and a 200 day moving average price of $2.25. The firm has a market capitalization of $591.87 million, a price-to-earnings ratio of -3.48 and a beta of 3.41. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16.

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.