Cannell & Spears LLC Has $2.64 Million Holdings in loanDepot, Inc. (NYSE:LDI)

Cannell & Spears LLC increased its holdings in loanDepot, Inc. (NYSE:LDI) by 301.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,294,200 shares of the company’s stock after buying an additional 971,700 shares during the period. Cannell & Spears LLC owned 0.40% of loanDepot worth $2,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Jane Street Group LLC acquired a new position in loanDepot in the 3rd quarter valued at $54,000. Quantbot Technologies LP bought a new position in shares of loanDepot in the fourth quarter worth $56,000. Atria Investments Inc raised its stake in loanDepot by 29.2% in the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock valued at $58,000 after purchasing an additional 6,397 shares in the last quarter. LPL Financial LLC raised its stake in loanDepot by 39.3% in the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock valued at $82,000 after purchasing an additional 11,286 shares in the last quarter. Finally, Verition Fund Management LLC lifted its position in loanDepot by 293.5% during the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after purchasing an additional 41,767 shares during the period. 39.39% of the stock is currently owned by institutional investors.

loanDepot Trading Down 0.4 %

Shares of LDI opened at $1.19 on Tuesday. 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, Inc. has a 52-week low of $1.14 and a 52-week high of $3.23. The firm has a market cap of $389.01 million, a price-to-earnings ratio of -2.28, a PEG ratio of 0.25 and a beta of 3.36. The business’s fifty day moving average is $1.59 and its 200-day moving average is $2.01.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their target price on shares of loanDepot from $2.00 to $1.35 and set a “neutral” rating on the stock in a report on Friday, March 14th.

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.