Anthony Li Hsieh Sells 129,196 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 129,196 shares of loanDepot stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $2.25, for a total transaction of $290,691.00. Following the completion of the transaction, the director now owns 5,347,657 shares of the company’s stock, valued at $12,032,228.25. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total value of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total value of $368,101.44.
• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was 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 shares were sold at an average price of $2.06, for a total value of $38,740.36.
• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The stock was 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 transaction 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 transaction 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.

loanDepot Price Performance

NYSE LDI traded up $0.06 on Wednesday, hitting $2.28. The company had a trading volume of 1,628,326 shares, compared to its average volume of 608,988. loanDepot, Inc. has a 12-month low of $1.52 and a 12-month high of $3.71. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The company’s fifty day moving average price is $2.34 and its 200-day moving average price is $2.24. The company has a market capitalization of $743.93 million, a PE ratio of -4.25 and a beta of 3.42.

Analyst Upgrades and Downgrades

LDI has been the subject of several research reports. The Goldman Sachs Group boosted their price objective on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research report on Thursday, November 14th. UBS Group raised their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of LDI. Atria Investments Inc raised its position in loanDepot by 41.0% in the 3rd 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. Park Avenue Securities LLC purchased a new stake in loanDepot in the third quarter valued at approximately $27,000. Empowered Funds LLC boosted its stake in loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after purchasing an additional 11,792 shares during the period. Jane Street Group LLC acquired a new position in loanDepot in the 3rd quarter valued at about $54,000. Finally, American Century Companies Inc. grew its position in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after buying an additional 19,655 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.