Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $584,938.76 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 239,729 shares of loanDepot stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $2.44, for a total transaction of $584,938.76. Following the completion of the transaction, the director now owns 3,248,070 shares of the company’s stock, valued at approximately $7,925,290.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total value of $69,836.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The stock was sold at an average price of $2.65, for a total value of $163,629.55.
• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value of $438,518.78.
• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The stock was sold at an average price of $2.97, for a total transaction 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 transaction 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 transaction of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The stock was sold at an average price of $1.84, for a total transaction of $106,835.92.

loanDepot Stock Down 2.1 %

LDI opened at $2.28 on Friday. 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 4.69, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $737.79 million, a P/E ratio of -4.00 and a beta of 3.43. The business’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $2.24.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. The firm had revenue of $265.39 million for the quarter, compared to the consensus estimate of $267.66 million. Analysts anticipate that loanDepot, Inc. will post -0.31 EPS for the current year.

Hedge Funds Weigh In On loanDepot

A number of institutional investors have recently modified their holdings of LDI. Jump Financial LLC purchased a new position in loanDepot during the 4th quarter worth $81,000. CastleKnight Management LP purchased a new position in shares of loanDepot during the fourth quarter worth about $1,644,000. Cullen Capital Management LLC acquired a new position in loanDepot in the 4th quarter valued at about $150,000. G2 Investment Partners Management LLC purchased a new stake in loanDepot during the 4th quarter valued at approximately $792,000. Finally, Empowered Funds LLC lifted its position in loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares during the period. 39.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on LDI. JMP Securities reaffirmed a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. The Goldman Sachs Group upped 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. Finally, UBS Group boosted their price objective on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

loanDepot Company Profile

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.