loanDepot, Inc. (NYSE:LDI) Short Interest Update

loanDepot, Inc. (NYSE:LDI) was the recipient of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 1,430,000 shares, a drop of 15.9% from the November 15th total of 1,700,000 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 866,100 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

Several equities research analysts have weighed in on LDI shares. The Goldman Sachs Group increased their price objective on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a report on Thursday, November 14th. UBS Group raised their price target on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Insider Activity

In related news, Director Anthony Li Hsieh sold 242,355 shares of the company’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.04, for a total transaction of $494,404.20. Following the completion of the sale, the director now directly owns 3,154,253 shares in the company, valued at $6,434,676.12. This represents a 7.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jeff Alexander Walsh sold 66,666 shares of the stock in a transaction on 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 directly owns 3,938,792 shares of the company’s stock, valued at $9,965,143.76. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,657,330 shares of company stock valued at $3,632,204. 83.04% of the stock is currently owned by insiders.

Institutional Investors Weigh In On loanDepot

Several hedge funds have recently made changes to their positions in LDI. Walleye Capital LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at $897,000. American Century Companies Inc. boosted its stake in loanDepot by 27.3% during the second 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. GSA Capital Partners LLP boosted its stake in loanDepot by 275.6% during the third quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock worth $457,000 after acquiring an additional 122,957 shares in the last quarter. 272 Capital LP increased its stake in shares of loanDepot by 107.4% during the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after purchasing an additional 94,883 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of loanDepot by 390.6% during the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after purchasing an additional 158,221 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

loanDepot Price Performance

Shares of NYSE LDI opened at $2.12 on Tuesday. loanDepot has a 1 year low of $1.52 and a 1 year high of $3.71. The stock has a market capitalization of $691.61 million, a P/E ratio of -4.07 and a beta of 3.42. The company’s 50-day moving average is $2.25 and its 200 day moving average is $2.25. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16.

loanDepot Company Profile

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.