Insider Selling: loanDepot (NYSE:LDI) CEO Sells 415,505 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 415,505 shares of loanDepot stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $2.66, for a total value of $1,105,243.30. Following the completion of the sale, the chief executive officer owned 884,495 shares in the company, valued at $2,352,756.70. This represents a 31.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 15th, Anthony Li Hsieh sold 884,495 shares of loanDepot stock. The stock was sold at an average price of $2.70, for a total value of $2,388,136.50.
• 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 transaction of $496,524.72.
• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $518,492.16.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The shares were sold at an average price of $2.29, for a total transaction of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction 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 value 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 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 value 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 value of $446,252.50.

loanDepot Trading Up 19.9%

NYSE:LDI traded up $0.53 on Friday, reaching $3.20. 9,968,692 shares of the company’s stock were exchanged, compared to its average volume of 5,884,159. 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 $1.07 billion, a price-to-earnings ratio of -8.89, a price-to-earnings-growth ratio of 0.61 and a beta of 3.47. The business has a fifty day moving average of $2.53 and a 200-day moving average of $2.52. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $5.05.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LDI shares. UBS Group upped their price target on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Morgan Stanley set a $1.75 price target on shares of loanDepot in a research note on Monday, December 1st. The Goldman Sachs Group set a $2.40 price objective on shares of loanDepot in a research report on Tuesday, January 6th. Finally, Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $2.38.

Institutional Trading of loanDepot

Several institutional investors and hedge funds have recently made changes to their positions in LDI. Millennium Management LLC boosted its position in shares of loanDepot by 622.6% in the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock valued at $17,255,000 after purchasing an additional 4,842,751 shares during the period. UBS Group AG lifted its stake in loanDepot by 1,125.1% in the third quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock valued at $6,201,000 after buying an additional 1,855,136 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of loanDepot by 134.4% in the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock valued at $2,446,000 after acquiring an additional 1,104,021 shares during the period. Squarepoint Ops LLC boosted its holdings in shares of loanDepot by 1,264.5% in the third quarter. Squarepoint Ops LLC now owns 703,939 shares of the company’s stock valued at $2,161,000 after acquiring an additional 652,348 shares during the period. Finally, Continental Advisors LLC purchased a new position in shares of loanDepot during the second quarter worth approximately $656,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Company Profile

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.