Jeff Alexander Walsh Sells 66,666 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 66,666 shares of loanDepot stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total value of $168,664.98. Following the transaction, the insider now owns 3,938,792 shares in the company, valued at approximately $9,965,143.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jeff Alexander Walsh also recently made the following trade(s):

• On Tuesday, October 1st, Jeff Alexander Walsh sold 36,811 shares of loanDepot stock. The shares were sold at an average price of $2.66, for a total transaction of $97,917.26.
• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $2.85, for a total transaction of $142,500.00.

loanDepot Stock Performance

Shares of loanDepot stock opened at $2.65 on Friday. loanDepot, Inc. has a one year low of $1.35 and a one year high of $3.71. The company has a market cap of $861.65 million, a PE ratio of -5.10 and a beta of 3.46. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The business has a 50-day simple moving average of $2.43 and a 200-day simple moving average of $2.22.

Analysts Set New Price Targets

Several analysts recently issued reports on LDI shares. UBS Group boosted their price objective on shares of 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 boosted their price target on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th.

Hedge Funds Weigh In On loanDepot

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its stake in loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock valued at $1,683,000 after purchasing an additional 57,546 shares during the last quarter. Empowered Funds LLC increased its stake in loanDepot by 5.3% in the third quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock valued at $638,000 after purchasing an additional 11,792 shares during the last quarter. DC Investments Management LLC purchased a new position in loanDepot in the first quarter valued at approximately $559,000. Dimensional Fund Advisors LP increased its stake in loanDepot by 390.6% in the second 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 last quarter. Finally, 272 Capital LP increased its stake in loanDepot by 107.4% in the second 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 last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.