loanDepot, Inc. (NYSE:LDI) Director Sells $938,143.98 in Stock

Posted by Jared Coughlin on Dec 19th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 444,618 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $2.11, for a total value of $938,143.98. Following the transaction, the director now owns 2,479,960 shares in the company, valued at $5,232,715.60. This represents a 15.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

On Thursday, December 12th, Anthony Li Hsieh sold 126,927 shares of loanDepot stock. The stock was sold at an average price of $2.12, for a total value of $269,085.24.
On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total transaction of $231,721.28.
On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The stock was sold at an average price of $2.25, for a total transaction of $290,691.00.
On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The shares were sold at an average price of $2.34, for a total transaction of $195,780.78.
On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total transaction of $368,101.44.
On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total transaction of $538,953.08.
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 value of $38,740.36.
On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $494,404.20.

loanDepot Price Performance

LDI stock opened at $1.97 on Thursday. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $644.19 million, a PE ratio of -3.79 and a beta of 3.42. The business has a 50 day simple moving average of $2.25 and a 200-day simple moving average of $2.25.

Analyst Ratings Changes

A number of brokerages have weighed in on LDI. UBS Group raised their price objective on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th. The Goldman Sachs Group increased their target price on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research report on Thursday, November 14th.

View Our Latest Analysis on LDI

Institutional Trading of loanDepot

Several large investors have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new position in shares of loanDepot during the 3rd quarter worth $27,000. Jane Street Group LLC purchased a new position in loanDepot during the third quarter worth about $54,000. Atria Investments Inc boosted its holdings in loanDepot by 41.0% in the 3rd 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 during the last quarter. Verition Fund Management LLC grew its stake in shares of loanDepot by 293.5% in the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after buying an additional 41,767 shares during the period. Finally, Requisite Capital Management LLC acquired a new stake in shares of loanDepot during the 3rd quarter worth approximately $164,000. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

About loanDepot

(Get Free Report)

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.