Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells 10,141 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 10,141 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $2.57, for a total transaction of $26,062.37. Following the completion of the transaction, the director now directly owns 1,865,727 shares in the company, valued at approximately $4,794,918.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 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 transaction 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 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 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 shares were 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 shares were sold at an average price of $2.88, for a total transaction of $773,824.32.

loanDepot Price Performance

Shares of LDI traded up $0.23 during mid-day trading on Monday, hitting $2.90. The company’s stock had a trading volume of 1,155,422 shares, compared to its average volume of 529,414. The firm has a 50-day simple moving average of $2.33 and a 200 day simple moving average of $2.23. loanDepot, Inc. has a 1-year low of $1.14 and a 1-year high of $3.71. The firm has a market capitalization of $938.41 million, a P/E ratio of -5.00 and a beta of 3.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69.

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

Hedge Funds Weigh In On loanDepot

Hedge funds have recently bought and sold shares of the company. Jump Financial LLC acquired a new stake in loanDepot in the fourth quarter valued at $81,000. Cullen Capital Management LLC purchased a new position in loanDepot during the 4th quarter valued at about $150,000. American Century Companies Inc. lifted its holdings in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares in the last quarter. Cetera Advisors LLC grew its position in shares of 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 during the last quarter. Finally, 272 Capital LP increased its stake in shares of 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. 39.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.