loanDepot (NYSE:LDI) Stock Price Down 5.4%

loanDepot, Inc. (NYSE:LDI)’s share price traded down 5.4% during mid-day trading on Monday . The company traded as low as $2.27 and last traded at $2.27. 113,852 shares traded hands during trading, a decline of 75% from the average session volume of 457,465 shares. The stock had previously closed at $2.40.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st.

loanDepot Stock Performance

The firm has a market capitalization of $750.73 million, a P/E ratio of -4.21 and a beta of 3.40. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 4.80. The company has a 50-day moving average of $1.90 and a 200-day moving average of $2.24.

Insider Buying and Selling at loanDepot

In related news, Director Anthony Li Hsieh sold 38,504 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $2.03, for a total transaction of $78,163.12. Following the completion of the sale, the director now owns 3,255,623 shares in the company, valued at $6,608,914.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 transaction of $78,163.12. Following the sale, the director now directly owns 3,255,623 shares in the company, valued at $6,608,914.69. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Frank Martell purchased 25,000 shares of loanDepot stock in a transaction dated Friday, June 7th. The shares were purchased at an average price of $2.09 per share, with a total value of $52,250.00. Following the completion of the transaction, the chief executive officer now directly owns 386,846 shares in the company, valued at $808,508.14. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 677,520 shares of company stock worth $1,358,805. 83.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On loanDepot

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Asset Management LLC raised its stake in shares of loanDepot by 58.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock valued at $3,773,000 after acquiring an additional 397,095 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in shares of loanDepot during the fourth quarter valued at approximately $106,000. Jump Financial LLC bought a new position in shares of loanDepot during the fourth quarter valued at approximately $81,000. CastleKnight Management LP purchased a new stake in loanDepot in the fourth quarter worth $1,644,000. Finally, Cullen Capital Management LLC purchased a new position in loanDepot during the 4th quarter valued at $150,000. Institutional investors 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.