Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $938,143.98 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 444,618 shares of loanDepot stock in a transaction on Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the transaction, the director now directly owns 2,479,960 shares in the company, valued at $5,232,715.60. This represents a 15.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, December 12th, Anthony Li Hsieh sold 126,927 shares of loanDepot stock. The stock was sold at an average price of $2.12, for a total value of $269,085.24.
• On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total value of $231,721.28.
• On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The shares were sold at an average price of $2.25, for a total transaction of $290,691.00.
• On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total transaction of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total transaction 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 transaction 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 stock was sold at an average price of $2.04, for a total value of $494,404.20.

loanDepot Price Performance

NYSE:LDI opened at $1.97 on Thursday. The firm’s fifty day moving average is $2.25 and its two-hundred day moving average is $2.25. The firm has a market cap of $644.19 million, a price-to-earnings ratio of -3.79 and a beta of 3.42. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. loanDepot, Inc. has a one year low of $1.52 and a one year high of $3.71.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. The Goldman Sachs Group raised their price objective on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th. UBS Group raised their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

Institutional Trading of loanDepot

A number of hedge funds have recently modified their holdings of LDI. Park Avenue Securities LLC purchased a new position in loanDepot during the third quarter valued at approximately $27,000. Jane Street Group LLC acquired a new stake in shares of loanDepot during the 3rd quarter worth approximately $54,000. Atria Investments Inc increased its holdings in shares of loanDepot by 41.0% during the 3rd 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 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, Verition Fund Management LLC lifted its stake in shares of loanDepot by 293.5% in the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after purchasing an additional 41,767 shares during the period. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

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.