loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 242,355 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 242,355 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.04, for a total transaction of $494,404.20. Following the completion of the sale, the director now owns 3,154,253 shares in the company, valued at $6,434,676.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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 transaction 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 transaction 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 transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The stock was 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 stock was 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 transaction 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 transaction of $734,243.28.
• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The shares were sold at an average price of $2.88, for a total transaction of $773,824.32.

loanDepot Trading Up 8.3 %

LDI opened at $2.21 on Thursday. The firm has a 50 day simple moving average of $2.59 and a 200 day simple moving average of $2.25. loanDepot, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.71. The company has a market cap of $715.13 million, a price-to-earnings ratio of -3.88 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on LDI. The Goldman Sachs Group boosted their price objective on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research 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 research report on Thursday, September 5th. Finally, JMP Securities reiterated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

Institutional Investors Weigh In On loanDepot

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after buying an additional 15,565 shares during the period. DC Investments Management LLC acquired a new position in loanDepot during the first quarter valued at approximately $559,000. Cetera Advisors LLC increased its stake in loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after purchasing an additional 45,173 shares in the last quarter. Wolverine Asset Management LLC raised its holdings in loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares in the last quarter. 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.