Brandywine Global Investment Management LLC Has $43,000 Stock Position in loanDepot, Inc. (NYSE:LDI)

Brandywine Global Investment Management LLC lowered its stake in shares of loanDepot, Inc. (NYSE:LDI - Free Report) by 99.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,983 shares of the company's stock after selling 2,223,015 shares during the quarter. Brandywine Global Investment Management LLC's holdings in loanDepot were worth $43,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in 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 in the last quarter. LPL Financial LLC raised its stake in shares of loanDepot by 39.3% in the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company's stock valued at $82,000 after purchasing an additional 11,286 shares in the last quarter. American Century Companies Inc. raised its stake in shares of loanDepot by 12.8% in the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company's stock valued at $245,000 after purchasing an additional 13,628 shares in the last quarter. Quantbot Technologies LP acquired a new stake in loanDepot during the fourth quarter worth $56,000. Finally, Atria Investments Inc boosted its stake in loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock worth $58,000 after buying an additional 6,397 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group reduced their price objective on shares of loanDepot from $2.00 to $1.35 and set a "neutral" rating for the company in a report on Friday, March 14th.

loanDepot Price Performance

Shares of LDI stock traded down $0.07 during trading hours on Tuesday, hitting $1.26. The company had a trading volume of 324,279 shares, compared to its average volume of 1,017,283. loanDepot, Inc. has a 12 month low of $1.13 and a 12 month high of $3.23. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The firm's fifty day moving average is $1.54 and its 200 day moving average is $1.95. The firm has a market capitalization of $411.99 million, a price-to-earnings ratio of -2.41, a PEG ratio of 0.25 and a beta of 3.38.

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.