Anthony Li Hsieh Sells 399,919 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 399,919 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $2.67, for a total value of $1,067,783.73. Following the completion of the sale, the chief executive officer directly owned 1,530,815 shares of the company’s stock, valued at approximately $4,087,276.05. This trade represents a 20.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was sold at an average price of $2.81, for a total transaction of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $3,731,000.00.
• On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00.
• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $4.10, for a total transaction of $5,330,000.00.

loanDepot Trading Up 5.9%

loanDepot stock traded up $0.16 during mid-day trading on Wednesday, hitting $2.80. 6,391,357 shares of the company’s stock were exchanged, compared to its average volume of 3,683,408. The company’s 50 day simple moving average is $2.92 and its 200-day simple moving average is $2.34. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.94. The firm has a market capitalization of $931.39 million, a P/E ratio of -7.76 and a beta of 3.45. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05.

loanDepot (NYSE:LDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $325.16 million during the quarter, compared to analysts’ expectations of $309.20 million. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%. On average, equities analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Hedge Funds Weigh In On loanDepot

Several hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of loanDepot by 8,934.0% in the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after purchasing an additional 8,934 shares during the last quarter. Traynor Capital Management Inc. bought a new position in loanDepot in the third quarter valued at $31,000. Wealth Enhancement Advisory Services LLC bought a new position in loanDepot in the third quarter valued at $31,000. CWM LLC acquired a new stake in loanDepot in the 3rd quarter valued at $32,000. Finally, Wilshire Advisors LLC lifted its position in loanDepot by 39.8% during the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock worth $33,000 after buying an additional 7,899 shares in the last quarter. 39.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LDI has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Morgan Stanley set a $1.75 price objective on shares of loanDepot in a report on Monday, December 1st. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Finally, The Goldman Sachs Group upped their target price on shares of loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $2.58.

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.