loanDepot, Inc. (NYSE:LDI) Director Sells $734,243.28 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 267,972 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $2.74, for a total value of $734,243.28. Following the sale, the director now owns 3,242,985 shares in the company, valued at approximately $8,885,778.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Anthony Li Hsieh also recently made the following trade(s):

• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The stock was sold at an average price of $2.88, for a total value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total value of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was sold at an average price of $1.99, for a total transaction of $323,566.04.
• On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The stock was sold at an average price of $1.81, for a total transaction of $78,338.61.
• On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $1.81, for a total transaction of $90,500.00.
• On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.86, for a total transaction of $93,000.00.
• On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The stock was sold at an average price of $1.98, for a total value of $150,895.80.
• On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total value of $78,163.12.

loanDepot Price Performance

Shares of NYSE LDI opened at $2.83 on Friday. The company has a market capitalization of $914.14 million, a price-to-earnings ratio of -4.96 and a beta of 3.40. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.24 and a quick ratio of 1.24. loanDepot, Inc. has a 1-year low of $1.14 and a 1-year high of $3.71. The business has a 50-day moving average of $2.02 and a 200-day moving average of $2.23.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group upped their price target on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st.

Hedge Funds Weigh In On loanDepot

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CastleKnight Management LP purchased a new stake in shares of loanDepot during the fourth quarter valued at approximately $1,644,000. Wolverine Asset Management LLC grew its holdings in loanDepot by 58.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock valued at $3,773,000 after purchasing an additional 397,095 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in loanDepot during the 4th quarter worth $792,000. DC Investments Management LLC acquired a new position in loanDepot in the 1st quarter worth $559,000. Finally, Dimensional Fund Advisors LP boosted its position in loanDepot by 390.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after buying an additional 158,221 shares during the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

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.