Lazard Asset Management LLC Purchases Shares of 928,317 loanDepot, Inc. $LDI

Lazard Asset Management LLC purchased a new position in loanDepot, Inc. (NYSE:LDI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 928,317 shares of the company’s stock, valued at approximately $1,318,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GSA Capital Partners LLP boosted its holdings in shares of loanDepot by 2,266.6% during the fourth quarter. GSA Capital Partners LLP now owns 503,499 shares of the company’s stock worth $1,042,000 after purchasing an additional 482,224 shares during the period. Bank of New York Mellon Corp increased its holdings in loanDepot by 10.6% during the 1st quarter. Bank of New York Mellon Corp now owns 248,355 shares of the company’s stock valued at $353,000 after purchasing an additional 23,769 shares during the period. Dimensional Fund Advisors LP raised its position in loanDepot by 258.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 579,252 shares of the company’s stock valued at $822,000 after purchasing an additional 417,576 shares during the last quarter. Renaissance Technologies LLC raised its position in loanDepot by 192.4% during the 1st quarter. Renaissance Technologies LLC now owns 819,800 shares of the company’s stock valued at $1,164,000 after purchasing an additional 539,452 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in loanDepot in the 1st quarter worth approximately $57,000. 39.39% of the stock is owned by institutional investors.

loanDepot Price Performance

Shares of NYSE LDI opened at $1.06 on Wednesday. loanDepot, Inc. has a 1 year low of $0.93 and a 1 year high of $5.05. The stock has a market capitalization of $359.78 million, a P/E ratio of -3.13 and a beta of 3.37. The company’s 50-day moving average is $1.15 and its 200 day moving average is $1.55. The company has a debt-to-equity ratio of 10.26, a current ratio of 1.11 and a quick ratio of 1.11.

Analyst Ratings Changes

LDI has been the topic of a number of recent analyst reports. Zacks Research upgraded loanDepot from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded loanDepot from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research note on Friday, July 17th. Finally, The Goldman Sachs Group cut their price target on shares of loanDepot from $2.10 to $1.25 and set a “sell” rating on the stock in a report on Wednesday, July 15th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, loanDepot presently has an average rating of “Reduce” and a consensus target price of $2.00.

loanDepot Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.