Walleye Capital LLC Makes New Investment in loanDepot, Inc. (NYSE:LDI)

Walleye Capital LLC bought a new stake in loanDepot, Inc. (NYSE:LDI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 328,521 shares of the company's stock, valued at approximately $897,000. Walleye Capital LLC owned about 0.10% of loanDepot at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cetera Advisors LLC boosted its holdings in shares of loanDepot by 66.3% in the first 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 period. American Century Companies Inc. raised its position 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 purchasing an additional 19,655 shares during the last quarter. GSA Capital Partners LLP boosted its stake in loanDepot by 275.6% during the 3rd quarter. GSA Capital Partners LLP now owns 167,578 shares of the company's stock worth $457,000 after purchasing an additional 122,957 shares during the period. 272 Capital LP grew its position in loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company's stock worth $302,000 after purchasing an additional 94,883 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of loanDepot by 390.6% in the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company's stock valued at $328,000 after buying an additional 158,221 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

loanDepot Trading Down 0.9 %

Shares of loanDepot stock traded down $0.02 during trading hours on Friday, hitting $2.25. The company's stock had a trading volume of 531,706 shares, compared to its average volume of 889,059. The business has a fifty day moving average of $2.31 and a 200 day moving average of $2.24. loanDepot, Inc. has a 1-year low of $1.52 and a 1-year high of $3.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The company has a market capitalization of $735.75 million, a PE ratio of -4.33 and a beta of 3.42.

Insider Buying and Selling at loanDepot

In other news, insider Jeff Alexander Walsh sold 36,811 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total value of $97,917.26. Following the sale, the insider now owns 4,035,317 shares in the company, valued at approximately $10,733,943.22. This represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anthony Li Hsieh sold 480,088 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $2.32, for a total value of $1,113,804.16. Following the transaction, the director now directly owns 2,463,356 shares in the company, valued at approximately $5,714,985.92. This represents a 16.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,496,943 shares of company stock valued at $3,402,956 in the last ninety days. Insiders own 83.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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. UBS Group increased their target price on loanDepot from $2.30 to $2.50 and gave the stock a "neutral" rating in a research note on Thursday, September 5th.

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.