14 hours Ago By ABMN Staff
loanDepot, Inc. ( NYSE:LDI – Get Free Report )’s stock price was down 2.9% on Tuesday .
The company traded as low as $1.83 and last traded at $1.84.
Approximately 158,695 shares were traded during trading, a decline of 74% from the average daily volume of 618,484 shares. The stock had previously closed at $1.89.
Analyst Ratings Changes LDI has been the topic of a number of recent research reports. UBS Group raised their target price on shares of loanDepot from $2.30 to $2.
50 and gave the stock a “neutral” rating in a report on Thursday, September 5th. The Goldman Sachs Group raised their price target on loanDepot from $1.70 to $2.
70 and gave the stock a “sell” rating in a report on Thursday, November 14th. View Our Latest Analysis on LDI loanDepot Price Performance Insider Activity In other loanDepot news, Director Anthony Li Hsieh sold 444,618 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $2.
11, for a total value of $938,143.98. Following the completion of the sale, the director now directly owns 2,479,960 shares of the company’s stock, valued at approximately $5,232,715.
60. This represents a 15.20 % decrease in their position.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Jeff Alexander Walsh sold 36,811 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $2.
66, for a total transaction of $97,917.26. Following the transaction, the insider now owns 4,035,317 shares of the company’s stock, valued at approximately $10,733,943.
22. This trade represents a 0.90 % decrease in their position.
The disclosure for this sale can be found here . Over the last ninety days, insiders have sold 1,657,330 shares of company stock valued at $3,632,204. Company insiders own 83.
04% of the company’s stock. Institutional Inflows and Outflows Several hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC boosted its stake in shares of loanDepot by 6.
0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares in the last quarter. American Century Companies Inc.
boosted its position in shares of loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc.
now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the period. Dimensional Fund Advisors LP increased its stake in loanDepot by 390.6% in the 2nd quarter.
Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after purchasing an additional 158,221 shares in the last quarter. 272 Capital LP raised its holdings in loanDepot by 107.4% during the 2nd quarter.
272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after buying an additional 94,883 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in loanDepot during the third quarter valued at about $27,000. Institutional investors and hedge funds own 39.
39% of the company’s stock. loanDepot Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for loanDepot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for loanDepot and related companies with MarketBeat.com's FREE daily email newsletter .
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