loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 27,713 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 27,713 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $2.52, for a total transaction of $69,836.76. Following the sale, the director now owns 3,220,357 shares of the company’s stock, valued at $8,115,299.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 shares were 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 stock was sold at an average price of $2.97, for a total value 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 value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92.

loanDepot Price Performance

Shares of NYSE LDI traded down $0.15 during midday trading on Tuesday, hitting $2.40. The company had a trading volume of 654,002 shares, compared to its average volume of 514,095. The firm has a market capitalization of $776.62 million, a price-to-earnings ratio of -4.21 and a beta of 3.43. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The business has a 50-day simple moving average of $2.26 and a two-hundred day simple moving average of $2.24. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69.

loanDepot (NYSE:LDI) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, topping 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 business had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. Equities research analysts anticipate that loanDepot, Inc. will post -0.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LDI shares. JMP Securities restated a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st. 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, The Goldman Sachs Group increased their target price on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th.

Institutional Trading of loanDepot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jump Financial LLC purchased a new stake in loanDepot in the fourth quarter valued at approximately $81,000. CastleKnight Management LP acquired a new position in shares of loanDepot in the 4th quarter valued at about $1,644,000. Cullen Capital Management LLC purchased a new stake in loanDepot during the fourth quarter worth approximately $150,000. G2 Investment Partners Management LLC acquired a new stake in loanDepot in the 4th quarter valued at $792,000. Finally, Empowered Funds LLC raised its position in loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after purchasing an additional 15,565 shares during the period. Hedge funds and other institutional investors 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.