Short Interest in loanDepot, Inc. (NYSE:LDI) Rises By 5.4%

by · The Markets Daily

loanDepot, Inc. (NYSE:LDI – Get Free Report) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 1,770,000 shares, an increase of 5.4% from the December 15th total of 1,680,000 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 884,600 shares, the days-to-cover ratio is presently 2.0 days.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 146,072 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $2.52, for a total transaction of $368,101.44. Following the completion of the transaction, the director now directly owns 7,333,888 shares of the company’s stock, valued at approximately $18,481,397.76. This trade represents a 1.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeff Alexander Walsh sold 66,666 shares of loanDepot stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $2.53, for a total transaction of $168,664.98. Following the sale, the insider now owns 3,938,792 shares in the company, valued at approximately $9,965,143.76. This trade represents a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,359,358 shares of company stock worth $3,001,142. 83.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On loanDepot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings 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 worth $151,000 after acquiring an additional 19,655 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in loanDepot by 390.6% in the second 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 grew its holdings in shares of loanDepot by 107.4% during the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of loanDepot in the third quarter valued at $27,000. Finally, Requisite Capital Management LLC bought a new position in shares of loanDepot in the third quarter valued at about $164,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

loanDepot Stock Down 0.8 %

Shares of NYSE:LDI opened at $1.78 on Tuesday. The company’s fifty day moving average is $2.10 and its 200-day moving average is $2.26. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. loanDepot has a 52 week low of $1.52 and a 52 week high of $3.23. The company has a market capitalization of $580.43 million, a PE ratio of -3.41, a P/E/G ratio of 0.26 and a beta of 3.41.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lifted their price objective on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th.

View Our Latest Report on LDI

About loanDepot

(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.

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