Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $78,163.12 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 38,504 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $2.03, for a total transaction of $78,163.12. Following the completion of the sale, the director now directly owns 3,255,623 shares of the company’s stock, valued at approximately $6,608,914.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, May 17th, Anthony Li Hsieh sold 198,866 shares of loanDepot stock. The stock was sold at an average price of $2.20, for a total transaction of $437,505.20.

loanDepot Price Performance

LDI opened at $1.94 on Friday. The company has a fifty day simple moving average of $2.33 and a 200 day simple moving average of $2.47. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 4.80.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, March 12th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). The firm had revenue of $228.63 million for the quarter, compared to analyst estimates of $239.40 million. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. As a group, sell-side analysts expect that loanDepot, Inc. will post -0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LDI. Jump Financial LLC bought a new position in loanDepot during the 4th quarter valued at $81,000. Counterpoint Mutual Funds LLC bought a new position in loanDepot during the 4th quarter valued at $106,000. Cullen Capital Management LLC bought a new position in loanDepot during the 4th quarter valued at $150,000. Cetera Advisors LLC boosted its stake in loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after acquiring an additional 15,565 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their price target on shares of loanDepot from $3.00 to $2.50 and set a “sell” rating for the company in a report on Wednesday, March 13th.

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.