Cannell & Spears LLC increased its position in shares of loanDepot, Inc. (NYSE:LDI - Free Report) by 301.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,294,200 shares of the company's stock after buying an additional 971,700 shares during the period. Cannell & Spears LLC owned 0.40% of loanDepot worth $2,640,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Barclays PLC acquired a new position in shares of loanDepot during the third quarter valued at approximately $2,180,000. Walleye Capital LLC acquired a new position in loanDepot in the third quarter valued at about $897,000. JPMorgan Chase & Co. raised its stake in shares of loanDepot by 70.5% in the 4th quarter. JPMorgan Chase & Co. now owns 306,221 shares of the company's stock valued at $625,000 after acquiring an additional 126,615 shares during the period. Geode Capital Management LLC raised its position in loanDepot by 21.0% in the third 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 during the period. Finally, Quadrature Capital Ltd lifted its stake in loanDepot by 153.8% during the third quarter. Quadrature Capital Ltd now owns 84,531 shares of the company's stock worth $230,000 after purchasing an additional 51,231 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.
loanDepot Stock Up 16.4 %
Shares of loanDepot stock traded up $0.21 on Friday, reaching $1.46. 2,710,759 shares of the company were exchanged, compared to its average volume of 761,761. The company has a market cap of $477.65 million, a P/E ratio of -2.80, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38. The stock's 50 day moving average price is $1.55 and its 200-day moving average price is $1.97. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. loanDepot, Inc. has a 1-year low of $1.13 and a 1-year high of $3.23.
Analysts Set New Price Targets
Separately, UBS Group decreased their target price on loanDepot from $2.00 to $1.35 and set a "neutral" rating on the stock in a research note on Friday, March 14th.
Check Out Our Latest Report on LDI
About loanDepot
(
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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