loanDepot (NYSE:LDI) Trading Down 4.1%

loanDepot, Inc. (NYSE:LDI)’s stock price was down 4.1% during trading on Tuesday . The company traded as low as $2.12 and last traded at $2.12. Approximately 99,905 shares traded hands during trading, a decline of 78% from the average daily volume of 444,913 shares. The stock had previously closed at $2.21.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LDI. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. The Goldman Sachs Group decreased their target price on loanDepot from $2.25 to $1.50 and set a “sell” rating on the stock in a report on Tuesday, July 2nd.

loanDepot Trading Down 6.3 %

The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 4.80. The firm has a market cap of $669.83 million, a PE ratio of -3.89 and a beta of 3.40. The company’s 50 day moving average price is $1.86 and its two-hundred day moving average price is $2.26.

loanDepot (NYSE:LDI) last issued its earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.15). loanDepot had a negative return on equity of 19.52% and a negative net margin of 10.26%. The business had revenue of $222.79 million for the quarter, compared to the consensus estimate of $232.65 million. As a group, sell-side analysts forecast that loanDepot, Inc. will post -0.22 EPS for the current year.

Insider Transactions at loanDepot

In other loanDepot news, CEO Frank Martell purchased 36,639 shares of loanDepot stock in a transaction on Wednesday, May 29th. The stock was bought at an average cost of $1.77 per share, with a total value of $64,851.03. Following the transaction, the chief executive officer now owns 595,248 shares of the company’s stock, valued at approximately $1,053,588.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Anthony Li Hsieh sold 38,504 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $2.03, for a total value of $78,163.12. Following the completion of the transaction, the director now owns 3,255,623 shares of the company’s stock, valued at approximately $6,608,914.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frank Martell bought 36,639 shares of loanDepot stock in a transaction on Wednesday, May 29th. The shares were purchased at an average cost of $1.77 per share, with a total value of $64,851.03. Following the acquisition, the chief executive officer now directly owns 595,248 shares of the company’s stock, valued at $1,053,588.96. The disclosure for this purchase can be found here. Insiders have sold a total of 677,520 shares of company stock valued at $1,358,805 in the last 90 days. Insiders own 83.04% of the company’s stock.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently made changes to their positions in the company. Jump Financial LLC acquired a new position in shares of loanDepot during the fourth quarter valued at approximately $81,000. Counterpoint Mutual Funds LLC purchased a new position in shares of loanDepot during the fourth quarter worth about $106,000. Cullen Capital Management LLC purchased a new position in shares of loanDepot during the fourth quarter worth about $150,000. Cetera Advisors LLC boosted its holdings in loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after purchasing an additional 45,173 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.