Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $26,062.37 in Stock

loanDepot, Inc. (NYSE:LDIGet Free Report) Director Anthony Li Hsieh sold 10,141 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $2.57, for a total value of $26,062.37. Following the sale, the director now directly owns 1,865,727 shares in the company, valued at approximately $4,794,918.39. 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, 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 transaction of $69,836.76.
  • On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The stock was sold at an average price of $2.44, for a total transaction 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 stock was 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.
  • On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The stock was sold at an average price of $2.88, for a total transaction of $773,824.32.

loanDepot Trading Up 8.6 %

LDI stock traded up $0.23 during midday trading on Monday, reaching $2.90. 1,155,422 shares of the company’s stock traded hands, compared to its average volume of 529,414. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18. loanDepot, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.71. The business has a 50-day moving average price of $2.33 and a two-hundred day moving average price of $2.23. The company has a market capitalization of $938.41 million, a P/E ratio of -5.00 and a beta of 3.43.

loanDepot (NYSE:LDIGet Free Report) last posted its 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 net margin of 11.22% and a negative return on equity of 18.22%. The business had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. Equities research analysts forecast that loanDepot, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On loanDepot

Institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new stake in shares of loanDepot during the 4th quarter valued at about $81,000. Cullen Capital Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth $150,000. American Century Companies Inc. boosted its stake in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the period. Cetera Advisors LLC grew its holdings in 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. Finally, 272 Capital LP increased its stake in loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after buying an additional 94,883 shares during the period. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LDI shares. UBS Group upped their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group increased their target price on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Finally, JMP Securities reissued a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st.

Get Our Latest Research Report on loanDepot

loanDepot Company Profile

(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.

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Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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