loanDepot (NYSE:LDI) Stock Price Down 4.3% – Time to Sell?

loanDepot, Inc. (NYSE:LDI)’s share price was down 4.3% during mid-day trading on Friday . The company traded as low as $1.67 and last traded at $1.67. Approximately 65,078 shares changed hands during trading, a decline of 90% from the average daily volume of 662,033 shares. The stock had previously closed at $1.74.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised their target price on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th.

loanDepot Stock Performance

The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The firm has a market capitalization of $541.19 million, a P/E ratio of -3.18, a price-to-earnings-growth ratio of 0.26 and a beta of 3.37. The company’s 50 day moving average is $1.90 and its 200-day moving average is $2.24.

Insider Buying and Selling at loanDepot

In other news, Director Anthony Li Hsieh sold 444,618 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the sale, the director now directly owns 2,479,960 shares of the company’s stock, valued at $5,232,715.60. This trade represents a 15.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders sold 1,037,264 shares of company stock worth $2,293,524. Insiders own 83.04% of the company’s stock.

Institutional Investors Weigh In On loanDepot

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in loanDepot by 390.6% during the second 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 in the last quarter. Park Avenue Securities LLC bought a new position in shares of loanDepot during the third quarter valued at approximately $27,000. Requisite Capital Management LLC purchased a new stake in shares of loanDepot in the 3rd quarter worth about $164,000. ERn Financial LLC bought a new stake in loanDepot during the 3rd quarter valued at approximately $248,000. Finally, 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. 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.