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

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 255,428 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $2.11, for a total transaction of $538,953.08. Following the completion of the transaction, the director now owns 7,672,258 shares of the company’s stock, valued at approximately $16,188,464.38. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 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 shares were 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 transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were 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 stock was 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 stock was sold at an average price of $2.74, for a total value of $734,243.28.

loanDepot Stock Performance

LDI traded down $0.04 during trading on Friday, hitting $2.08. 808,150 shares of the stock were exchanged, compared to its average volume of 565,258. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. loanDepot, Inc. has a 1-year low of $1.25 and a 1-year high of $3.71. The stock has a fifty day moving average price of $2.46 and a two-hundred day moving average price of $2.21. The firm has a market capitalization of $674.69 million, a P/E ratio of -3.35 and a beta of 3.43.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. The Goldman Sachs Group boosted their price objective on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th. UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, September 5th.

Institutional Investors Weigh In On loanDepot

Institutional investors and hedge funds have recently made changes to their positions in the business. Park Avenue Securities LLC purchased a new position in shares of loanDepot during the third quarter worth about $27,000. Requisite Capital Management LLC purchased a new stake in loanDepot during the 3rd quarter valued at approximately $164,000. ERn Financial LLC acquired a new stake in loanDepot during the 3rd quarter worth approximately $248,000. American Century Companies Inc. grew its stake in shares of loanDepot by 27.3% in the 2nd 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 last quarter. Finally, Cetera Advisors LLC increased its holdings in shares of loanDepot by 66.3% in the first 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 during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Company Profile

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.