loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 255,428 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 255,428 shares of the firm’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $2.11, for a total value of $538,953.08. Following the completion of the transaction, the director now directly owns 7,672,258 shares in the company, valued at $16,188,464.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 shares were 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 stock was sold at an average price of $2.04, for a total value of $494,404.20.
• 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 value of $26,062.37.
• 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 value 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 shares were 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 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 shares were sold at an average price of $2.74, for a total value of $734,243.28.

loanDepot Stock Performance

Shares of NYSE LDI opened at $2.08 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The stock has a 50 day simple moving average of $2.46 and a 200-day simple moving average of $2.21. The company has a market cap of $674.69 million, a PE ratio of -3.35 and a beta of 3.43. loanDepot, Inc. has a 12-month low of $1.25 and a 12-month high of $3.71.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. The business had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. On average, equities research analysts forecast that loanDepot, Inc. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC lifted its position in loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. DC Investments Management LLC acquired a new stake in loanDepot during the 1st quarter valued at $559,000. Empowered Funds LLC raised its stake in loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after purchasing an additional 15,565 shares during the period. Dimensional Fund Advisors LP raised its stake in loanDepot by 390.6% during the 2nd 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 during the period. Finally, 272 Capital LP raised its stake in loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after purchasing an additional 94,883 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LDI has been the subject of a number of research reports. UBS Group lifted their target price 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 lifted 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.

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.