loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 415,505 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 415,505 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $2.66, for a total value of $1,105,243.30. Following the sale, the chief executive officer directly owned 884,495 shares of the company’s stock, valued at approximately $2,352,756.70. This trade represents a 31.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, January 15th, Anthony Li Hsieh sold 884,495 shares of loanDepot stock. The stock was sold at an average price of $2.70, for a total value of $2,388,136.50.
• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total value of $496,524.72.
• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $518,492.16.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The shares were sold at an average price of $2.29, for a total value of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were sold at an average price of $2.41, for a total value of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The stock was sold at an average price of $2.49, for a total value of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were 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 stock was 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 shares were sold at an average price of $2.50, for a total transaction of $446,252.50.

loanDepot Price Performance

LDI stock opened at $3.20 on Friday. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $5.05. The firm has a 50-day moving average of $2.54 and a 200 day moving average of $2.53. The company has a market cap of $1.07 billion, a P/E ratio of -8.89, a PEG ratio of 0.63 and a beta of 3.47.

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research report on Wednesday, October 8th. Morgan Stanley set a $1.75 price objective on shares of loanDepot in a research note on Monday, December 1st. UBS Group raised their target price on shares of loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. The Goldman Sachs Group set a $2.40 price target on loanDepot in a research report on Tuesday, January 6th. Finally, Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $2.38.

Institutional Investors Weigh In On loanDepot

A number of institutional investors have recently made changes to their positions in LDI. Jones Financial Companies Lllp lifted its holdings in shares of loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after buying an additional 8,934 shares during the period. Traynor Capital Management Inc. purchased a new stake in loanDepot during the third quarter valued at $31,000. CWM LLC bought a new position in loanDepot in the third quarter valued at about $32,000. Wealth Enhancement Advisory Services LLC purchased a new position in loanDepot in the third quarter worth about $31,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of loanDepot during the 3rd quarter valued at about $35,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.