loanDepot, Inc. (NYSE:LDI) CEO Frank Martell Buys 15,000 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Frank Martell bought 15,000 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were bought at an average cost of $1.93 per share, for a total transaction of $28,950.00. Following the purchase, the chief executive officer now owns 383,402 shares of the company’s stock, valued at approximately $739,965.86. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Frank Martell also recently made the following trade(s):

• On Tuesday, September 12th, Frank Martell bought 20,000 shares of loanDepot stock. The shares were bought at an average cost of $1.93 per share, for a total transaction of $38,600.00.
• On Thursday, September 7th, Frank Martell bought 12,051 shares of loanDepot stock. The shares were bought at an average cost of $2.00 per share, for a total transaction of $24,102.00.
• On Tuesday, September 5th, Frank Martell purchased 12,949 shares of loanDepot stock. The shares were acquired at an average price of $1.98 per share, for a total transaction of $25,639.02.

loanDepot Trading Up 2.1 %

Shares of NYSE LDI opened at $1.95 on Friday. The company has a debt-to-equity ratio of 3.62, a current ratio of 1.29 and a quick ratio of 1.29. loanDepot, Inc. has a twelve month low of $1.25 and a twelve month high of $3.02. The firm has a fifty day simple moving average of $2.09 and a 200 day simple moving average of $1.92.

loanDepot (NYSE:LDI) last posted its quarterly earnings data on Tuesday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.06). loanDepot had a negative return on equity of 35.90% and a negative net margin of 22.06%. The business had revenue of $271.83 million during the quarter, compared to the consensus estimate of $252.78 million. On average, equities research analysts predict that loanDepot, Inc. will post -0.51 EPS for the current fiscal year.

Hedge Funds Weigh In On loanDepot

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in shares of loanDepot in the 1st quarter valued at about $26,000. HRT Financial LP bought a new position in loanDepot in the first quarter worth approximately $32,000. Mercer Global Advisors Inc. ADV bought a new position in loanDepot in the third quarter worth approximately $32,000. Envestnet Asset Management Inc. acquired a new stake in loanDepot in the second quarter valued at approximately $33,000. Finally, Boulder Hill Capital Management LP bought a new stake in shares of loanDepot during the first quarter valued at approximately $39,000. 53.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, UBS Group lifted their price target on shares of loanDepot from $1.75 to $2.00 and gave the stock a “neutral” rating in a report on Wednesday, August 30th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1.67.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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.