loanDepot, Inc. (NYSE:LDI) Director Sells $195,780.78 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 83,667 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $2.34, for a total value of $195,780.78. Following the completion of the transaction, the director now owns 5,684,228 shares in the company, valued at $13,301,093.52. This represents a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value of $368,101.44.
• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total value of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was 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 shares were 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 stock was 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 stock was sold at an average price of $2.65, for a total value of $163,629.55.

loanDepot Trading Down 1.3 %

LDI traded down $0.03 during midday trading on Wednesday, reaching $2.28. 592,323 shares of the company were exchanged, compared to its average volume of 602,603. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. loanDepot, Inc. has a one year low of $1.52 and a one year high of $3.71. The stock has a market capitalization of $745.56 million, a P/E ratio of -4.38 and a beta of 3.46. The stock’s 50-day simple moving average is $2.38 and its 200 day simple moving average is $2.23.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th. UBS Group raised 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.

Hedge Funds Weigh In On loanDepot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC lifted its holdings in shares of loanDepot by 6.0% during the 2nd 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 in the last quarter. Barclays PLC acquired a new stake in loanDepot in the 3rd quarter valued at approximately $2,180,000. Geode Capital Management LLC raised its position in loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after buying an additional 125,059 shares during the last quarter. Walleye Capital LLC acquired a new stake in loanDepot in the 3rd quarter valued at approximately $897,000. Finally, Empowered Funds LLC increased its position in shares of loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after purchasing an additional 11,792 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

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.