Anthony Li Hsieh Sells 242,355 Shares of loanDepot, Inc. (NYSE:LDI) Stock

Posted by Doug Wharley on Oct 17th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 242,355 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $2.04, for a total value of $494,404.20. Following the completion of the transaction, the director now owns 3,154,253 shares of the company’s stock, valued at $6,434,676.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 transaction of $38,740.36.
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 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 value of $69,836.76.
On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The shares were 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 shares were sold at an average price of $2.65, for a total transaction 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 transaction 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 transaction 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 value of $773,824.32.

loanDepot Trading Up 8.3 %

Shares of LDI opened at $2.21 on Thursday. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71. The firm has a market cap of $715.13 million, a price-to-earnings ratio of -3.88 and a beta of 3.43. The business’s fifty day moving average is $2.59 and its 200-day moving average is $2.25.

loanDepot (NYSE:LDI – Get Free Report) last released its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. The firm had revenue of $265.39 million for the quarter, compared to analysts’ expectations of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. Equities analysts anticipate that loanDepot, Inc. will post -0.31 EPS for the current fiscal year.

Hedge Funds Weigh In On loanDepot

A number of institutional investors have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC grew its stake in shares of loanDepot by 6.0% during the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after buying an additional 57,546 shares during the last quarter. DC Investments Management LLC bought a new stake in loanDepot during the 1st quarter worth $559,000. Empowered Funds LLC increased its holdings in loanDepot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 158,221 shares during the period. Finally, 272 Capital LP increased its position in loanDepot by 107.4% in the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after acquiring an additional 94,883 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Check Out Our Latest Research Report on LDI

About loanDepot

(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.