loanDepot, Inc. (NYSE:LDI) Director Sells $1,898,382.42 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 639,186 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $2.97, for a total transaction of $1,898,382.42. Following the completion of the transaction, the director now directly owns 2,390,460 shares in the company, valued at $7,099,666.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 transaction of $438,518.78.
• 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 stock was sold at an average price of $1.84, for a total value 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 value 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.
• On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $90,500.00.

loanDepot Price Performance

NYSE LDI opened at $2.62 on Friday. The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a market cap of $846.19 million, a price-to-earnings ratio of -4.59 and a beta of 3.40. The business has a 50 day simple moving average of $2.15 and a 200 day simple moving average of $2.24. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71.

loanDepot (NYSE:LDI) last issued its quarterly earnings data 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 the consensus estimate of $267.66 million. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. Analysts anticipate that loanDepot, Inc. will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On loanDepot

A number of large investors have recently added to or reduced their stakes in LDI. 272 Capital LP lifted its holdings in shares of loanDepot by 107.4% in the second 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. Dimensional Fund Advisors LP raised its position in 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 buying an additional 158,221 shares during the last quarter. American Century Companies Inc. lifted its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after acquiring an additional 19,655 shares in the last quarter. Wolverine Asset Management LLC boosted its position in loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares during the last quarter. Finally, Cetera Advisors LLC boosted its position in loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after acquiring an additional 45,173 shares during the last quarter. Institutional investors 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.