Rpo LLC Takes Position in loanDepot, Inc. (NYSE:LDI)

Rpo LLC purchased a new position in shares of loanDepot, Inc. (NYSE:LDI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 27,000 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LDI. Jane Street Group LLC purchased a new stake in shares of loanDepot during the third quarter valued at approximately $54,000. Quantbot Technologies LP acquired a new stake in loanDepot during the 4th quarter valued at $56,000. Atria Investments Inc increased its stake in loanDepot by 29.2% during the 4th quarter. Atria Investments Inc now owns 28,313 shares of the company’s stock worth $58,000 after buying an additional 6,397 shares during the period. LPL Financial LLC increased its stake in loanDepot by 39.3% during the 4th quarter. LPL Financial LLC now owns 40,035 shares of the company’s stock worth $82,000 after buying an additional 11,286 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in loanDepot by 293.5% in the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after buying an additional 41,767 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

loanDepot Stock Up 6.1 %

Shares of loanDepot stock opened at $1.21 on Thursday. The business has a 50-day moving average price of $1.56 and a 200 day moving average price of $1.99. loanDepot, Inc. has a fifty-two week low of $1.13 and a fifty-two week high of $3.23. The firm has a market cap of $397.22 million, a P/E ratio of -2.33, a P/E/G ratio of 0.25 and a beta of 3.36. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76.

Wall Street Analyst Weigh In

Separately, UBS Group lowered their target price on loanDepot from $2.00 to $1.35 and set a “neutral” rating for the company in a research note 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.