loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 308,379 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 308,379 shares of loanDepot stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $2.29, for a total value of $706,187.91. Following the completion of the transaction, the chief executive officer owned 441,262 shares in the company, valued at approximately $1,010,489.98. The trade was a 41.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total value of $496,524.72.
• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $518,492.16.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were sold at an average price of $2.41, for a total value of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The shares were sold at an average price of $2.49, for a total transaction of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35.
• 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 transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were 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 stock was 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 value of $2,009,000.00.

loanDepot Stock Down 2.6%

Shares of LDI opened at $2.25 on Friday. The company has a market capitalization of $749.79 million, a PE ratio of -6.25 and a beta of 3.45. The stock’s 50-day moving average price is $2.83 and its two-hundred day moving average price is $2.39. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. loanDepot, Inc. has a 12 month low of $1.01 and a 12 month high of $5.05.

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

Wall Street Analyst Weigh In

LDI has been the subject of a number of research analyst reports. Morgan Stanley set a $1.75 target price on loanDepot in a report on Monday, December 1st. The Goldman Sachs Group boosted their target price on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a research report on Wednesday, October 29th. UBS Group increased their target price on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, BTIG Research reissued a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. 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 company currently has a consensus rating of “Reduce” and a consensus price target of $2.58.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LDI. Alpine Global Management LLC bought a new stake in shares of loanDepot during the third quarter worth about $307,000. Militia Capital Partners LP acquired a new position in loanDepot during the 3rd quarter valued at about $596,000. Millennium Management LLC increased its holdings in loanDepot by 622.6% during the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after purchasing an additional 4,842,751 shares in the last quarter. Bank of America Corp DE raised its stake in shares of loanDepot by 267.5% in the third quarter. Bank of America Corp DE now owns 207,219 shares of the company’s stock worth $636,000 after purchasing an additional 150,837 shares during the last quarter. Finally, Alight Capital Management LP bought a new position in shares of loanDepot in the third quarter valued at approximately $1,382,000. 39.39% of the stock is owned by institutional investors.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.