loanDepot (NYSE:LDI) Trading Down 3.9% - What's Next?

loanDepot, Inc. (NYSE:LDI - Get Free Report) was down 3.9% on Thursday . The stock traded as low as $1.74 and last traded at $1.74. Approximately 49,531 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 836,755 shares. The stock had previously closed at $1.81.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised their target price on loanDepot from $1.70 to $2.70 and gave the company a "sell" rating in a report on Thursday, November 14th.

loanDepot Stock Performance

The company's 50 day moving average price is $2.12 and its 200-day moving average price is $2.25. The stock has a market cap of $580.43 million, a P/E ratio of -3.41, a price-to-earnings-growth ratio of 0.26 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.

Insiders Place Their Bets

In other loanDepot news, insider Jeff Alexander Walsh sold 66,666 shares of the business's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total value of $168,664.98. Following the transaction, the insider now owns 3,938,792 shares of the company's stock, valued at approximately $9,965,143.76. The trade was a 1.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony Li Hsieh sold 444,618 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $2.11, for a total value of $938,143.98. Following the completion of the transaction, the director now owns 2,479,960 shares of the company's stock, valued at $5,232,715.60. This trade represents a 15.20 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,359,358 shares of company stock valued at $3,001,142. Corporate insiders own 83.04% of the company's stock.

Institutional Trading of loanDepot

A number of large investors have recently added to or reduced their stakes in LDI. American Century Companies Inc. grew its position in shares of loanDepot by 27.3% during the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company's stock valued at $151,000 after acquiring an additional 19,655 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of loanDepot by 390.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company's stock worth $328,000 after purchasing an additional 158,221 shares during the period. 272 Capital LP lifted its stake in loanDepot by 107.4% in the second quarter. 272 Capital LP now owns 183,190 shares of the company's stock valued at $302,000 after purchasing an additional 94,883 shares during the last quarter. Park Avenue Securities LLC bought a new position in loanDepot during the third quarter valued at $27,000. Finally, Requisite Capital Management LLC purchased a new stake in loanDepot in the third quarter worth $164,000. Hedge funds and other institutional investors own 39.39% of the company's stock.

About loanDepot

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.