loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 152,794 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 152,794 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $2.87, for a total transaction of $438,518.78. Following the sale, the director now directly owns 2,237,666 shares in the company, valued at approximately $6,422,101.42. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The shares were sold at an average price of $2.97, for a total value of $1,898,382.42.
• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The stock was sold at an average price of $2.74, for a total value of $734,243.28.
• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The shares were sold at an average price of $2.88, for a total value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was 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.

loanDepot Price Performance

LDI stock opened at $2.62 on Friday. The firm has a 50 day simple moving average of $2.15 and a two-hundred day simple moving average of $2.24. The stock has a market cap of $846.19 million, a PE ratio of -4.59 and a beta of 3.40. loanDepot, Inc. has a one year low of $1.14 and a one year high of $3.71. 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:LDI) last announced its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. On average, analysts predict that loanDepot, Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On loanDepot

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CastleKnight Management LP purchased a new position in shares of loanDepot during the 4th quarter valued at about $1,644,000. G2 Investment Partners Management LLC purchased a new position in shares of loanDepot during the fourth quarter worth approximately $792,000. DC Investments Management LLC purchased a new position in shares of loanDepot during the first quarter worth approximately $559,000. Dimensional Fund Advisors LP lifted its holdings in shares of loanDepot by 390.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after acquiring an additional 158,221 shares during the last quarter. Finally, 272 Capital LP boosted its stake in shares of loanDepot by 107.4% in the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock valued at $302,000 after purchasing an additional 94,883 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LDI. JMP Securities reaffirmed a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. The Goldman Sachs Group raised their price target on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a report on Thursday, August 8th.

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.