Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells 83,667 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 83,667 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $2.34, for a total value of $195,780.78. Following the transaction, the director now directly owns 5,684,228 shares in the company, valued at $13,301,093.52. The trade was a 1.45 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value of $368,101.44.
• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total value of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total value of $38,740.36.
• 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 value of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The shares were sold at an average price of $2.57, for a total value 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 value of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were 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.

loanDepot Stock Down 1.3 %

Shares of LDI stock traded down $0.03 during trading hours on Wednesday, reaching $2.28. The company had a trading volume of 592,323 shares, compared to its average volume of 602,603. loanDepot, Inc. has a 12 month low of $1.52 and a 12 month high of $3.71. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The business has a fifty day simple moving average of $2.38 and a 200-day simple moving average of $2.23. The company has a market cap of $745.56 million, a price-to-earnings ratio of -4.38 and a beta of 3.46.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on LDI shares. UBS Group upped their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group increased their price target on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a report on Thursday, November 14th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of loanDepot by 21.0% during the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after acquiring an additional 125,059 shares during the last quarter. Barclays PLC bought a new stake in loanDepot during the third quarter valued at $2,180,000. Jane Street Group LLC bought a new stake in loanDepot during the third quarter valued at $54,000. Quadrature Capital Ltd boosted its stake in loanDepot by 153.8% during the third quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock valued at $230,000 after buying an additional 51,231 shares during the period. Finally, Verition Fund Management LLC boosted its stake in loanDepot by 293.5% during the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after buying an additional 41,767 shares during the period. 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.