272 Capital LP Buys 94,883 Shares of loanDepot, Inc. (NYSE:LDI)

272 Capital LP raised its stake in loanDepot, Inc. (NYSE:LDI) by 107.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 183,190 shares of the company’s stock after acquiring an additional 94,883 shares during the period. 272 Capital LP’s holdings in loanDepot were worth $302,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LDI. Dimensional Fund Advisors LP grew its position in shares of loanDepot by 390.6% during the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after purchasing an additional 158,221 shares in the last quarter. American Century Companies Inc. grew its holdings in 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 buying an additional 19,655 shares in the last quarter. Wolverine Asset Management LLC increased its stake in loanDepot by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after acquiring an additional 45,173 shares in the last quarter. Finally, DC Investments Management LLC bought a new position in shares of loanDepot during the 1st quarter valued at approximately $559,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

loanDepot Price Performance

Shares of loanDepot stock opened at $2.71 on Tuesday. The stock has a market cap of $876.93 million, a price-to-earnings ratio of -4.75 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a 50 day moving average price of $2.44 and a 200-day moving average price of $2.24. loanDepot, Inc. has a one year low of $1.14 and a one year high of $3.71.

loanDepot (NYSE:LDI) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. Equities analysts expect that loanDepot, Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LDI shares. UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. JMP Securities restated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. Finally, The Goldman Sachs Group upped their target price on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research report on Thursday, August 8th.

Insider Buying and Selling

In related news, Director Anthony Li Hsieh sold 10,141 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $2.57, for a total value of $26,062.37. Following the sale, the director now directly owns 1,865,727 shares of the company’s stock, valued at approximately $4,794,918.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Jeff Alexander Walsh sold 50,000 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $2.85, for a total transaction of $142,500.00. Following the completion of the sale, the insider now directly owns 4,122,128 shares of the company’s stock, valued at $11,748,064.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony Li Hsieh sold 10,141 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $2.57, for a total transaction of $26,062.37. Following the completion of the transaction, the director now directly owns 1,865,727 shares in the company, valued at approximately $4,794,918.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,198,059 shares of company stock valued at $5,945,740. Company insiders own 83.04% 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.