Marshall Wace LLP Acquires 264,928 Shares of loanDepot, Inc. (NYSE:LDI)

Marshall Wace LLP lifted its holdings in loanDepot, Inc. (NYSE:LDI) by 132.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 465,297 shares of the company’s stock after purchasing an additional 264,928 shares during the quarter. Marshall Wace LLP’s holdings in loanDepot were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LDI. Jane Street Group LLC bought a new position in shares of loanDepot in the third quarter worth about $54,000. RPO LLC bought a new position in loanDepot in the 4th quarter worth approximately $55,000. Quantbot Technologies LP acquired a new position in loanDepot during the 4th quarter worth $56,000. Atria Investments Inc boosted its position in loanDepot by 29.2% in the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock valued at $58,000 after buying an additional 6,397 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of loanDepot in the 4th quarter valued at $81,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

loanDepot Trading Up 4.2 %

Shares of NYSE LDI opened at $1.12 on Thursday. The company’s 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.78. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.23. The firm has a market capitalization of $366.03 million, a P/E ratio of -2.14, a P/E/G ratio of 0.25 and a beta of 3.38.

Wall Street Analyst Weigh In

Separately, UBS Group cut their price target on loanDepot from $1.35 to $1.25 and set a “neutral” rating on the stock in a research note on Wednesday, April 16th.

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.