loanDepot, Inc. (NYSE:LDI) Director Sells $69,836.76 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 27,713 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $2.52, for a total transaction of $69,836.76. Following the completion of the transaction, the director now directly owns 3,220,357 shares of the company’s stock, valued at approximately $8,115,299.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• 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 transaction of $163,629.55.
• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The stock was 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 shares were 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 value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The stock was sold at an average price of $1.84, for a total value of $106,835.92.

loanDepot Price Performance

loanDepot stock traded down $0.15 during mid-day trading on Tuesday, hitting $2.40. The stock had a trading volume of 654,002 shares, compared to its average volume of 514,095. The firm’s 50 day moving average is $2.26 and its 200 day moving average is $2.24. loanDepot, Inc. has a one year low of $1.14 and a one year high of $3.71. The firm has a market capitalization of $776.62 million, a P/E ratio of -4.21 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 announced its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $267.66 million. On average, sell-side analysts forecast that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LDI shares. 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. JMP Securities reaffirmed a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. Finally, UBS Group upped their target price on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC raised its position in loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after buying an additional 57,546 shares during the last quarter. CastleKnight Management LP purchased a new position in loanDepot during the fourth quarter valued at approximately $1,644,000. G2 Investment Partners Management LLC purchased a new stake in loanDepot during the fourth quarter worth $792,000. DC Investments Management LLC acquired a new position in shares of loanDepot in the first quarter worth about $559,000. Finally, Empowered Funds LLC boosted its stake in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares in the last quarter. 39.39% of the stock is owned by institutional investors.

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.