loanDepot (NYSE:LDI) CEO Sells $648,024.99 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 260,251 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $2.49, for a total value of $648,024.99. Following the completion of the sale, the chief executive officer owned 1,039,749 shares of the company’s stock, valued at $2,588,975.01. This trade represents a 20.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total value of $699,160.28.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was sold at an average price of $2.81, for a total transaction of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total transaction of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total transaction of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total transaction of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $3,731,000.00.

loanDepot Stock Performance

NYSE LDI traded down $0.18 during trading hours on Wednesday, reaching $2.23. The company’s stock had a trading volume of 5,906,814 shares, compared to its average volume of 3,687,675. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. The business has a 50-day simple moving average of $2.88 and a 200 day simple moving average of $2.38. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $5.05. The stock has a market cap of $741.46 million, a PE ratio of -6.18 and a beta of 3.45.

loanDepot (NYSE:LDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The company had revenue of $325.16 million during the quarter, compared to analyst estimates of $309.20 million. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%. Equities research analysts predict that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in loanDepot by 8,934.0% in the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after purchasing an additional 8,934 shares during the period. Traynor Capital Management Inc. bought a new stake in shares of loanDepot during the 3rd quarter worth about $31,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of loanDepot during the 3rd quarter worth about $31,000. CWM LLC acquired a new stake in shares of loanDepot in the 3rd quarter worth approximately $32,000. Finally, Wilshire Advisors LLC boosted its holdings in shares of loanDepot by 39.8% in the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after acquiring an additional 7,899 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LDI shares. The Goldman Sachs Group increased their target price on loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a research report on Wednesday, October 29th. UBS Group upped their price target on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Morgan Stanley set a $1.75 target price on shares of loanDepot in a research note on Monday, December 1st. Finally, BTIG Research restated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.58.

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.