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

Empowered Funds LLC increased its position in shares of loanDepot, Inc. (NYSE:LDI) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 245,189 shares of the company’s stock after purchasing an additional 11,647 shares during the quarter. Empowered Funds LLC’s holdings in loanDepot were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in loanDepot by 21.0% in the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock worth $1,968,000 after purchasing an additional 125,059 shares during the last quarter. Barclays PLC bought a new stake in shares of loanDepot during the 3rd quarter worth $2,180,000. Jane Street Group LLC purchased a new position in shares of loanDepot in the 3rd quarter worth about $54,000. Quadrature Capital Ltd grew its position in loanDepot by 153.8% during the third quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock valued at $230,000 after buying an additional 51,231 shares during the period. Finally, Verition Fund Management LLC increased its holdings in loanDepot by 293.5% during the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after buying an additional 41,767 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 83,667 shares of loanDepot stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $2.34, for a total value of $195,780.78. Following the completion of the transaction, the director now directly owns 5,684,228 shares in the company, valued at approximately $13,301,093.52. The trade was a 1.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 891,192 shares of company stock worth $1,925,422 over the last quarter. Corporate insiders own 83.04% of the company’s stock.

loanDepot Trading Down 2.1 %

Shares of loanDepot stock opened at $1.67 on Thursday. The stock has a market capitalization of $544.46 million, a P/E ratio of -3.20, a P/E/G ratio of 0.26 and a beta of 3.37. loanDepot, Inc. has a 52-week low of $1.52 and a 52-week high of $3.23. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The stock’s 50-day simple moving average is $1.80 and its 200 day simple moving average is $2.22.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upped their price objective on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th.

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.