Empowered Funds LLC Raises Position in loanDepot, Inc. (NYSE:LDI)

Empowered Funds LLC raised its holdings in shares of loanDepot, Inc. (NYSE:LDI) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 233,542 shares of the company’s stock after buying an additional 11,792 shares during the period. Empowered Funds LLC’s holdings in loanDepot were worth $638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in loanDepot by 275.6% during the 3rd quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock valued at $457,000 after acquiring an additional 122,957 shares during the period. Atria Investments Inc lifted its position in loanDepot by 41.0% in the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after purchasing an additional 6,372 shares during the last quarter. ERn Financial LLC bought a new stake in loanDepot in the third quarter valued at approximately $248,000. Requisite Capital Management LLC bought a new position in shares of loanDepot in the third quarter worth approximately $164,000. Finally, Park Avenue Securities LLC bought a new position in shares of loanDepot in the third quarter worth approximately $27,000. 39.39% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 transaction 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. This represents a 0.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Alexander Walsh sold 66,666 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total transaction of $168,664.98. Following the completion of 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,377,536 shares of company stock worth $6,001,954. 83.04% of the stock is currently owned by company insiders.

loanDepot Price Performance

Shares of loanDepot stock opened at $2.34 on Friday. The business has a 50 day moving average of $2.42 and a 200 day moving average of $2.23. loanDepot, Inc. has a 52 week low of $1.52 and a 52 week high of $3.71. The company has a market cap of $765.18 million, a PE ratio of -4.50 and a beta of 3.46. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research report on Thursday, November 14th. UBS Group increased their target price on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, September 5th.

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.