loanDepot, Inc. (NYSE:LDI) Director Sells $494,404.20 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 242,355 shares of the stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.04, for a total value of $494,404.20. Following the completion of the sale, the director now directly owns 3,154,253 shares of the company’s stock, valued at $6,434,676.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 stock was 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 stock was 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 Stock Performance

loanDepot stock traded up $0.17 during mid-day trading on Wednesday, reaching $2.21. The company’s stock had a trading volume of 764,523 shares, compared to its average volume of 564,077. The firm’s fifty day moving average price is $2.59 and its two-hundred day moving average price is $2.25. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. loanDepot, Inc. has a 12-month low of $1.14 and a 12-month high of $3.71. The company has a market capitalization of $715.13 million, a P/E ratio of -3.88 and a beta of 3.43.

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

Analysts Set New Price Targets

LDI has been the topic of several research analyst reports. UBS Group upped their price objective on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their price target on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, JMP Securities restated a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in shares of loanDepot in the third quarter worth about $27,000. Requisite Capital Management LLC bought a new stake in loanDepot during the 3rd quarter worth approximately $164,000. ERn Financial LLC bought a new stake in loanDepot during the 3rd quarter worth approximately $248,000. American Century Companies Inc. lifted its stake in loanDepot by 27.3% in the 2nd 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. Finally, Cetera Advisors LLC grew its position in shares of loanDepot by 66.3% during the 1st 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. 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.