Quantbot Technologies LP Takes Position in loanDepot, Inc. (NYSE:LDI)

Quantbot Technologies LP bought a new stake in loanDepot, Inc. (NYSE:LDI) during the fourth quarter, Holdings Channel.com reports. The fund bought 27,274 shares of the company’s stock, valued at approximately $56,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of loanDepot during the third quarter worth about $54,000. Atria Investments Inc grew its stake in loanDepot by 29.2% during the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock worth $58,000 after buying an additional 6,397 shares during the last quarter. Verition Fund Management LLC grew its stake in loanDepot by 293.5% during the 3rd 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. Quadrature Capital Ltd lifted its stake in loanDepot by 153.8% in 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 last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company’s stock valued at $500,000 after acquiring an additional 11,647 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

loanDepot Stock Performance

NYSE LDI opened at $1.15 on Wednesday. The business’s 50-day moving average price is $1.57 and its 200 day moving average price is $2.00. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The firm has a market cap of $375.88 million, a P/E ratio of -2.20, a P/E/G ratio of 0.25 and a beta of 3.36. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.23.

Analyst Ratings Changes

Separately, UBS Group cut their target price on shares of loanDepot from $2.00 to $1.35 and set a “neutral” rating on the stock in a report on Friday, March 14th.

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.