loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 18,806 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 18,806 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.06, for a total transaction of $38,740.36. Following the completion of the sale, the director now owns 2,927,686 shares in the company, valued at $6,031,033.16. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total transaction of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The stock was sold at an average price of $2.57, for a total transaction of $26,062.37.
• 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 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 shares were 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 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 shares were 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 stock was sold at an average price of $2.88, for a total transaction of $773,824.32.

loanDepot Trading Up 8.3 %

Shares of NYSE:LDI traded up $0.17 during trading on Wednesday, hitting $2.21. 764,523 shares of the company’s stock were exchanged, compared to its average volume of 564,077. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The firm has a market cap of $715.13 million, a P/E ratio of -3.88 and a beta of 3.43. The firm has a 50-day moving average price of $2.59 and a two-hundred day moving average price of $2.25. loanDepot, Inc. has a 1-year low of $1.14 and a 1-year high of $3.71.

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

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently made changes to their positions in the stock. DC Investments Management LLC acquired a new position in loanDepot in the first quarter valued at about $559,000. Dimensional Fund Advisors LP increased its stake 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 valued at $328,000 after acquiring an additional 158,221 shares during the last quarter. 272 Capital LP raised its position 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 acquiring an additional 94,883 shares during the period. ERn Financial LLC bought a new position in loanDepot during the 3rd quarter worth approximately $248,000. Finally, Requisite Capital Management LLC acquired a new position in loanDepot during the third quarter valued at approximately $164,000. 39.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.