loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 61,747 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 61,747 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $2.65, for a total transaction of $163,629.55. Following the completion of the transaction, the director now directly owns 3,595,473 shares in the company, valued at $9,528,003.45. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value of $438,518.78.
• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The shares were sold at an average price of $2.97, for a total value of $1,898,382.42.
• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The stock was sold at an average price of $2.74, for a total value of $734,243.28.
• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The shares were sold at an average price of $2.88, for a total value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was sold at an average price of $1.99, for a total transaction of $323,566.04.

loanDepot Price Performance

Shares of LDI stock opened at $2.42 on Friday. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market capitalization of $781.47 million, a PE ratio of -4.24 and a beta of 3.43. The firm’s 50-day moving average is $2.24 and its two-hundred day moving average is $2.25. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The firm had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. Analysts predict that loanDepot, Inc. will post -0.31 earnings per share for the current year.

Institutional Investors Weigh In On loanDepot

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CastleKnight Management LP acquired a new stake in shares of loanDepot during the fourth quarter valued at about $1,644,000. Jump Financial LLC purchased a new position in shares of loanDepot during the 4th quarter worth approximately $81,000. Cullen Capital Management LLC acquired a new stake in loanDepot in the 4th quarter valued at approximately $150,000. Cetera Advisors LLC raised its position in loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after purchasing an additional 45,173 shares during the period. Finally, Empowered Funds LLC lifted its stake in loanDepot by 8.2% during the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LDI shares. JMP Securities reiterated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. The Goldman Sachs Group lifted their price objective on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Finally, UBS Group upped their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday.

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.