Insider Selling: loanDepot, Inc. (NYSE:LDI) Insider Sells $168,664.98 in Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 66,666 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total transaction of $168,664.98. Following the completion of the sale, the insider now directly owns 3,938,792 shares of the company’s stock, valued at $9,965,143.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jeff Alexander Walsh also recently made the following trade(s):

• On Tuesday, October 1st, Jeff Alexander Walsh sold 36,811 shares of loanDepot stock. The stock was sold at an average price of $2.66, for a total value of $97,917.26.
• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $2.85, for a total value of $142,500.00.

loanDepot Stock Performance

NYSE:LDI traded down $0.08 during trading hours on Friday, hitting $2.65. 1,318,050 shares of the company were exchanged, compared to its average volume of 587,079. The company’s 50 day moving average price is $2.43 and its 200-day moving average price is $2.22. The stock has a market capitalization of $861.65 million, a price-to-earnings ratio of -4.32 and a beta of 3.46. loanDepot, Inc. has a 52-week low of $1.35 and a 52-week high of $3.71. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18.

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

Analyst Ratings Changes

Several analysts have commented on LDI shares. The Goldman Sachs Group increased their price target on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research report on Thursday, August 8th. UBS Group increased their price objective on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th.

Institutional Trading of loanDepot

Several institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments Inc boosted its holdings in loanDepot by 41.0% in the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after purchasing an additional 6,372 shares during the last quarter. Park Avenue Securities LLC acquired a new position in loanDepot in the third quarter valued at approximately $27,000. Empowered Funds LLC boosted its position in loanDepot by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after purchasing an additional 11,792 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of 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 purchasing an additional 19,655 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in 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 buying an additional 45,173 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.