loanDepot (NYSE:LDI) Trading Down 3.9% – Time to Sell?

loanDepot, Inc. (NYSE:LDI) traded down 3.9% on Thursday . The stock traded as low as $1.74 and last traded at $1.74. 49,531 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 836,755 shares. The stock had previously closed at $1.81.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their target price on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th.

loanDepot Stock Performance

The company has a market cap of $577.16 million, a P/E ratio of -3.39, a PEG ratio of 0.26 and a beta of 3.41. The company has a 50 day moving average price of $2.13 and a 200-day moving average price of $2.25. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 444,618 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $2.11, for a total value of $938,143.98. Following the completion of the transaction, the director now owns 2,479,960 shares of the company’s stock, valued at approximately $5,232,715.60. This represents a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeff Alexander Walsh sold 66,666 shares of the 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 completion of the transaction, the insider now directly owns 3,938,792 shares of the company’s stock, valued at approximately $9,965,143.76. The trade was a 1.66 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,359,358 shares of company stock valued at $3,001,142. 83.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Park Avenue Securities LLC bought a new position in loanDepot during the third quarter valued at about $27,000. Jane Street Group LLC bought a new position in loanDepot during the third quarter valued at about $54,000. Atria Investments Inc boosted its stake in loanDepot by 41.0% during the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after buying an additional 6,372 shares in the last quarter. Verition Fund Management LLC boosted its stake in loanDepot by 293.5% during the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after buying an additional 41,767 shares in the last quarter. Finally, Requisite Capital Management LLC bought a new position in loanDepot during the third quarter valued at about $164,000. 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.