Vanguard Group Inc. raised its stake in loanDepot, Inc. (NYSE:LDI – Free Report) by 0.1% during the first quarter, HoldingsChannel reports. The fund owned 4,447,813 shares of the company’s stock after buying an additional 5,200 shares during the period. Vanguard Group Inc.’s holdings in loanDepot were worth $11,520,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of LDI. Jump Financial LLC bought a new stake in loanDepot during the 4th quarter valued at about $81,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of loanDepot during the fourth quarter valued at approximately $106,000. Cullen Capital Management LLC bought a new stake in shares of loanDepot during the fourth quarter valued at approximately $150,000. Empowered Funds LLC raised its holdings in loanDepot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares during the last quarter. Finally, G2 Investment Partners Management LLC bought a new position in loanDepot in the 4th quarter valued at approximately $792,000. 39.39% of the stock is currently owned by institutional investors.
loanDepot Stock Up 4.1 %
Shares of loanDepot stock opened at $2.42 on Wednesday. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 4.80. The company’s 50 day moving average is $1.92 and its 200 day moving average is $2.23. The company has a market cap of $781.47 million, a price-to-earnings ratio of -4.24 and a beta of 3.40.
Insider Activity
Analyst Ratings Changes
A number of analysts have commented on LDI shares. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. The Goldman Sachs Group lifted their price objective on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a report on Thursday, August 8th.
Get Our Latest Research Report on loanDepot
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.
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