loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 61,747 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 61,747 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $2.65, for a total transaction of $163,629.55. Following the completion of the transaction, the director now owns 3,595,473 shares of the company’s stock, valued at $9,528,003.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 shares were 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 shares were 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 value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total value of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was sold at an average price of $1.99, for a total value of $323,566.04.

loanDepot Price Performance

Shares of NYSE:LDI traded down $0.12 during midday trading on Friday, reaching $2.42. 997,758 shares of the company’s stock were exchanged, compared to its average volume of 512,834. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The company’s 50 day simple moving average is $2.23 and its two-hundred day simple moving average is $2.25. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71. The firm has a market capitalization of $781.47 million, a PE ratio of -4.46 and a beta of 3.43.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating 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 firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. Equities research analysts expect that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on LDI. The Goldman Sachs Group increased their target price on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. Finally, UBS Group upped their price objective on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research report on Thursday.

Institutional Investors Weigh In On loanDepot

Several hedge funds and other institutional investors have recently made changes to their positions in LDI. Counterpoint Mutual Funds LLC bought a new position in shares of loanDepot during the fourth quarter worth $106,000. Jump Financial LLC bought a new position in shares of loanDepot during the 4th quarter valued at about $81,000. CastleKnight Management LP acquired a new position in shares of loanDepot in the 4th quarter valued at approximately $1,644,000. Cullen Capital Management LLC bought a new stake in loanDepot during the 4th quarter worth approximately $150,000. Finally, G2 Investment Partners Management LLC acquired a new stake in loanDepot during the 4th quarter worth approximately $792,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.