loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 10,141 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 10,141 shares of loanDepot stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $2.57, for a total transaction of $26,062.37. Following the completion of the transaction, the director now directly owns 1,865,727 shares in the company, valued at approximately $4,794,918.39. 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 stock was 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 stock was sold at an average price of $2.52, for a total value of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The stock was sold at an average price of $2.44, for a total value of $584,938.76.
• 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 stock was 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 shares were 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.

loanDepot Stock Up 8.6 %

Shares of LDI stock opened at $2.90 on Tuesday. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71. The stock has a market cap of $938.41 million, a price-to-earnings ratio of -5.09 and a beta of 3.43. The firm’s 50-day moving average is $2.35 and its 200-day moving average is $2.24. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18.

loanDepot (NYSE:LDI) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $267.66 million. Sell-side analysts predict that loanDepot, Inc. will post -0.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JMP Securities reaffirmed a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. UBS Group boosted their price target on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group increased their price objective on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a report on Thursday, August 8th.

Institutional Investors Weigh In On loanDepot

Several hedge funds have recently added to or reduced their stakes in the business. Jump Financial LLC acquired a new stake in shares of loanDepot during the 4th quarter worth about $81,000. Cullen Capital Management LLC bought a new stake in shares of loanDepot during the fourth quarter worth approximately $150,000. American Century Companies Inc. grew its position in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the last quarter. Cetera Advisors LLC increased its stake in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after purchasing an additional 45,173 shares during the period. Finally, 272 Capital LP lifted its holdings in loanDepot by 107.4% during the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

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.