Cannell Capital LLC lowered its position in shares of loanDepot, Inc. (NYSE:LDI - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,355,921 shares of the company's stock after selling 609,380 shares during the period. loanDepot accounts for about 1.8% of Cannell Capital LLC's holdings, making the stock its 20th biggest position. Cannell Capital LLC owned 1.33% of loanDepot worth $8,886,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cannell & Spears LLC grew its position in shares of loanDepot by 301.3% during the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock valued at $2,640,000 after purchasing an additional 971,700 shares in the last quarter. Barclays PLC purchased a new position in loanDepot during the third quarter worth about $2,180,000. Geode Capital Management LLC increased its stake in loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company's stock worth $1,968,000 after acquiring an additional 125,059 shares during the last quarter. Empowered Funds LLC raised its holdings 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 acquiring an additional 11,647 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at about $54,000. Institutional investors own 39.39% of the company's stock.
loanDepot Price Performance
Shares of NYSE LDI traded up $0.04 during mid-day trading on Friday, reaching $1.10. 689,477 shares of the company were exchanged, compared to its average volume of 786,722. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $3.23. The company's 50 day moving average price is $1.47 and its 200 day moving average price is $1.89. The stock has a market capitalization of $359.47 million, a PE ratio of -2.11, a PEG ratio of 0.25 and a beta of 3.38. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76.
Analyst Upgrades and Downgrades
Separately, UBS Group decreased their price objective on shares of loanDepot from $2.00 to $1.35 and set a "neutral" rating on the stock in a research report on Friday, March 14th.
Read Our Latest Stock Analysis on LDI
loanDepot Profile
(
Free Report)
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.
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