Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $106,835.92 in Stock

loanDepot, Inc. (NYSE:LDIGet Free Report) Director Anthony Li Hsieh sold 58,063 shares of loanDepot stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92. Following the sale, the director now directly owns 2,279,646 shares in the company, valued at approximately $4,194,548.64. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The shares were sold at an average price of $1.99, for a total transaction of $323,566.04.
  • On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $78,338.61.
  • On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $90,500.00.
  • On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.86, for a total transaction of $93,000.00.
  • On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The shares were sold at an average price of $1.98, for a total transaction of $150,895.80.
  • On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $78,163.12.
  • On Friday, May 17th, Anthony Li Hsieh sold 198,866 shares of loanDepot stock. The shares were sold at an average price of $2.20, for a total transaction of $437,505.20.

loanDepot Price Performance

Shares of NYSE LDI opened at $1.83 on Thursday. loanDepot, Inc. has a 1 year low of $1.14 and a 1 year high of $3.71. The firm has a 50-day moving average of $2.13 and a 200 day moving average of $2.50. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.24 and a quick ratio of 1.24.

loanDepot (NYSE:LDIGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.15). loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. The business had revenue of $222.79 million for the quarter, compared to analysts’ expectations of $232.65 million. Research analysts anticipate that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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 research report on Wednesday, March 13th.

Get Our Latest Analysis on loanDepot

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Cetera Advisors LLC raised its holdings in loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares during the last quarter. DC Investments Management LLC purchased a new position in loanDepot in the first quarter worth about $559,000. Empowered Funds LLC raised its holdings in loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after buying an additional 15,565 shares during the last quarter. G2 Investment Partners Management LLC purchased a new position in loanDepot in the fourth quarter worth about $792,000. Finally, Cullen Capital Management LLC purchased a new position in loanDepot in the fourth quarter worth about $150,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

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.

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Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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