Anthony Li Hsieh Sells 230,815 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 230,815 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $2.69, for a total value of $620,892.35. Following the completion of the sale, the chief executive officer owned 1,300,000 shares in the company, valued at $3,497,000. This represents a 15.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total value of $1,067,783.73.
• 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 stock was 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 shares were 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 stock was 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 Stock Down 0.9%

Shares of NYSE:LDI traded down $0.03 during trading on Thursday, hitting $2.79. The company’s stock had a trading volume of 2,607,903 shares, compared to its average volume of 3,678,934. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05. The business has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $2.34. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The company has a market capitalization of $928.07 million, a PE ratio of -7.74 and a beta of 3.45.

loanDepot (NYSE:LDI) last released 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. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The firm had revenue of $325.16 million during the quarter, compared to analyst estimates of $309.20 million. As a group, research analysts expect that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Wilshire Advisors LLC increased its position in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock worth $33,000 after buying an additional 7,899 shares during the period. Jones Financial Companies Lllp grew its position in shares of loanDepot by 8,934.0% during the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after acquiring an additional 8,934 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in shares of loanDepot in the 3rd quarter valued at $31,000. CWM LLC acquired a new position in shares of loanDepot in the 3rd quarter valued at $32,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in loanDepot during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

LDI has been the subject of a number of analyst reports. Morgan Stanley set a $1.75 price objective on loanDepot in a research report on Monday, December 1st. The Goldman Sachs Group lifted their price target 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. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. UBS Group increased their price objective on shares of loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price 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.