Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells 242,355 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 242,355 shares of loanDepot stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $2.04, for a total value of $494,404.20. Following the completion of the transaction, the director now owns 3,154,253 shares of the company’s stock, valued at approximately $6,434,676.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total value of $38,740.36.
• 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 shares were 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 shares were 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 value of $163,629.55.
• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value 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 value of $1,898,382.42.
• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The stock was sold at an average price of $2.74, for a total value 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 Price Performance

NYSE LDI opened at $2.12 on Friday. The stock has a market capitalization of $686.01 million, a P/E ratio of -3.72 and a beta of 3.43. loanDepot, Inc. has a 1 year low of $1.14 and a 1 year high of $3.71. The business’s fifty day moving average is $2.59 and its two-hundred day moving average is $2.24. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18.

loanDepot (NYSE:LDI) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. On average, research analysts forecast that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LDI. DC Investments Management LLC bought a new position in shares of loanDepot in the first quarter valued at $559,000. Dimensional Fund Advisors LP grew its position in loanDepot by 390.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after purchasing an additional 158,221 shares in the last quarter. 272 Capital LP grew its position in loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares in the last quarter. ERn Financial LLC purchased a new position in loanDepot during the 3rd quarter worth approximately $248,000. Finally, Requisite Capital Management LLC purchased a new position in loanDepot during the 3rd quarter worth approximately $164,000. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their target price on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a report on Thursday, August 8th. UBS Group boosted their target price on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, September 5th. Finally, JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

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.