loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 18,806 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 18,806 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.06, for a total transaction of $38,740.36. Following the completion of the sale, the director now directly owns 2,927,686 shares of the company’s stock, valued at $6,031,033.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total transaction of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The shares were sold at an average price of $2.57, for a total value of $26,062.37.
• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total value of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The stock was sold at an average price of $2.44, for a total value of $584,938.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The shares were sold at an average price of $2.65, for a total transaction of $163,629.55.
• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $438,518.78.
• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The stock was sold at an average price of $2.97, for a total transaction of $1,898,382.42.
• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The shares were sold at an average price of $2.74, for a total transaction of $734,243.28.
• 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.

loanDepot Stock Performance

LDI stock traded up $0.17 during trading on Wednesday, reaching $2.21. 764,523 shares of the stock were exchanged, compared to its average volume of 564,077. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The company has a market capitalization of $715.13 million, a P/E ratio of -3.88 and a beta of 3.43. The stock has a 50 day simple moving average of $2.59 and a 200-day simple moving average of $2.25.

loanDepot (NYSE:LDI) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. As a group, sell-side analysts anticipate that loanDepot, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On loanDepot

Several institutional investors and hedge funds have recently bought and sold shares of the business. ERn Financial LLC bought a new position in shares of loanDepot during the 3rd quarter worth about $248,000. Requisite Capital Management LLC bought a new position in loanDepot during the third quarter worth about $164,000. Park Avenue Securities LLC bought a new position in loanDepot during the third quarter worth about $27,000. 272 Capital LP boosted its holdings in 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 grew its stake in shares of 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 purchasing an additional 158,221 shares during the period. Institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LDI shares. UBS Group raised their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th. The Goldman Sachs Group raised their price objective on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st.

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.