loanDepot (NYSE:LDI) Sees Unusually-High Trading Volume – What’s Next?

loanDepot, Inc. (NYSE:LDI) saw unusually-high trading volume on Wednesday . Approximately 1,147,130 shares changed hands during trading, an increase of 76% from the previous session’s volume of 651,067 shares.The stock last traded at $1.56 and had previously closed at $1.64.

Wall Street Analysts Forecast Growth

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

loanDepot Stock Performance

The business’s 50-day moving average price is $1.87 and its 200-day moving average price is $2.24. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock has a market cap of $521.57 million, a PE ratio of -3.07, a P/E/G ratio of 0.27 and a beta of 3.37.

Insider Activity at loanDepot

In related news, Director Anthony Li Hsieh sold 444,618 shares of loanDepot stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the sale, the director now owns 2,479,960 shares of the company’s stock, valued at $5,232,715.60. The trade was a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,037,264 shares of company stock valued at $2,293,524 in the last ninety days. Corporate insiders own 83.04% of the company’s stock.

Institutional Investors Weigh In On loanDepot

Institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in loanDepot by 390.6% in 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 during the period. Park Avenue Securities LLC acquired a new stake in loanDepot in the 3rd quarter valued at $27,000. ERn Financial LLC acquired a new stake in loanDepot in the 3rd quarter valued at $248,000. Atria Investments Inc increased its holdings in loanDepot by 41.0% in the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock worth $60,000 after acquiring an additional 6,372 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position 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 during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.