loanDepot, Inc. (NYSE:LDI) Director Sells $368,101.44 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 146,072 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $2.52, for a total transaction of $368,101.44. Following the completion of the sale, the director now owns 7,333,888 shares of the company’s stock, valued at approximately $18,481,397.76. The trade was a 1.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total transaction of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total transaction of $38,740.36.
• 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 value 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 transaction 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 shares were 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.

loanDepot Trading Down 1.9 %

Shares of LDI opened at $2.28 on Thursday. loanDepot, Inc. has a 1-year low of $1.52 and a 1-year high of $3.71. 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 firm’s 50-day moving average price is $2.43 and its 200-day moving average price is $2.23. The firm has a market capitalization of $739.72 million, a price-to-earnings ratio of -4.38 and a beta of 3.46.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LDI. The Goldman Sachs Group boosted their price target on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th. UBS Group boosted their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th.

Institutional Trading of loanDepot

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new position in shares of loanDepot during the 3rd quarter worth approximately $27,000. Jane Street Group LLC purchased a new position in shares of loanDepot in the 3rd quarter valued at approximately $54,000. Atria Investments Inc boosted its position in shares of loanDepot by 41.0% during the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after purchasing an additional 6,372 shares in the last quarter. Verition Fund Management LLC grew its stake in loanDepot by 293.5% in the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after purchasing an additional 41,767 shares during the period. Finally, Requisite Capital Management LLC bought a new position in loanDepot in the third quarter worth $164,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

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.