Jeff Alexander Walsh Sells 50,000 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $2.85, for a total value of $142,500.00. Following the completion of the transaction, the insider now directly owns 4,122,128 shares in the company, valued at $11,748,064.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

loanDepot Price Performance

NYSE LDI opened at $3.08 on Friday. loanDepot, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.71. The stock’s 50-day moving average is $2.05 and its two-hundred day moving average is $2.23. The firm has a market cap of $996.66 million, a P/E ratio of -5.40 and a beta of 3.40. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.24 and a quick ratio of 1.24.

Analysts Set New Price Targets

LDI has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC bought a new stake in loanDepot during the fourth quarter worth approximately $106,000. Jump Financial LLC acquired a new stake in shares of loanDepot in the fourth quarter worth $81,000. CastleKnight Management LP bought a new stake in shares of loanDepot during the 4th quarter worth $1,644,000. Cullen Capital Management LLC acquired a new position in loanDepot in the 4th quarter valued at $150,000. Finally, G2 Investment Partners Management LLC bought a new position in loanDepot in the 4th quarter worth $792,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.