Dimensional Fund Advisors LP Grows Stock Holdings in loanDepot, Inc. (NYSE:LDI)

Dimensional Fund Advisors LP increased its stake in loanDepot, Inc. (NYSE:LDI) by 390.6% in the second quarter, Holdings Channel reports. The firm owned 198,724 shares of the company’s stock after purchasing an additional 158,221 shares during the period. Dimensional Fund Advisors LP’s holdings in loanDepot were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. DC Investments Management LLC purchased a new position in loanDepot during the first quarter valued at approximately $559,000. Wolverine Asset Management LLC grew its stake in shares of loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. Cetera Advisors LLC lifted its stake in shares of 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 during the period. American Century Companies Inc. boosted its holdings in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after buying an additional 19,655 shares in the last quarter. Finally, Empowered Funds LLC grew its position in loanDepot by 8.2% during the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after buying an additional 15,565 shares during the period. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 480,088 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $2.32, for a total transaction of $1,113,804.16. Following the transaction, the director now directly owns 2,463,356 shares in the company, valued at $5,714,985.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Anthony Li Hsieh sold 480,088 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $2.32, for a total transaction of $1,113,804.16. Following the transaction, the director now directly owns 2,463,356 shares in the company, valued at $5,714,985.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jeff Alexander Walsh sold 36,811 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total value of $97,917.26. Following the completion of the transaction, the insider now owns 4,035,317 shares in the company, valued at $10,733,943.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,234,870 shares of company stock worth $6,043,658 in the last ninety days. Insiders own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

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

loanDepot Price Performance

NYSE:LDI opened at $2.05 on Tuesday. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71. The stock has a 50 day moving average of $2.59 and a two-hundred day moving average of $2.25. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The firm has a market cap of $661.74 million, a P/E ratio of -3.59 and a beta of 3.43.

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 return on equity of 18.22% and a negative net margin of 11.22%. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. On average, analysts expect that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

loanDepot 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.