loanDepot, Inc. (NYSE:LDI) CEO Frank Martell Buys 25,000 Shares

loanDepot, Inc. (NYSE:LDIGet Free Report) CEO Frank Martell acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were acquired at an average cost of $2.09 per share, with a total value of $52,250.00. Following the transaction, the chief executive officer now directly owns 386,846 shares in the company, valued at approximately $808,508.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Wednesday, May 29th, Frank Martell purchased 36,639 shares of loanDepot stock. The stock was acquired at an average cost of $1.77 per share, for a total transaction of $64,851.03.

loanDepot Stock Down 4.6 %

NYSE LDI opened at $1.99 on Tuesday. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The stock has a market cap of $642.33 million, a PE ratio of -3.48 and a beta of 3.44. The firm has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $2.50. The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24.

loanDepot (NYSE:LDIGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. The firm had revenue of $222.79 million during the quarter, compared to analyst estimates of $232.65 million. On average, research analysts forecast that loanDepot, Inc. will post -0.2 EPS for the current year.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently bought and sold shares of the business. Cannell Capital LLC raised its stake in shares of loanDepot by 19.5% in the 3rd quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock valued at $9,282,000 after buying an additional 879,650 shares in the last quarter. Knightsbridge Asset Management LLC raised its position in loanDepot by 6.6% in the third quarter. Knightsbridge Asset Management LLC now owns 2,800,039 shares of the company’s stock worth $4,816,000 after purchasing an additional 172,802 shares in the last quarter. Wolverine Asset Management LLC lifted its stake in loanDepot by 58.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock worth $3,773,000 after purchasing an additional 397,095 shares during the period. CastleKnight Management LP acquired a new stake in loanDepot during the fourth quarter valued at approximately $1,644,000. Finally, G2 Investment Partners Management LLC bought a new stake in shares of loanDepot in the 4th quarter valued at approximately $792,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on shares of loanDepot from $3.00 to $2.50 and set a “sell” rating on the stock in a research note on Wednesday, March 13th.

View Our Latest Stock Analysis on LDI

loanDepot Company Profile

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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.

See Also

Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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