Anthony Li Hsieh Sells 255,428 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 255,428 shares of the business’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $2.11, for a total transaction of $538,953.08. Following the transaction, the director now owns 7,672,258 shares in the company, valued at approximately $16,188,464.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The stock was sold at an average price of $2.57, for a total transaction of $26,062.37.
• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total transaction 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 transaction of $584,938.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The shares were sold at an average price of $2.65, for a total value of $163,629.55.
• 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 shares were sold at an average price of $2.74, for a total value of $734,243.28.

loanDepot Stock Down 2.1 %

Shares of LDI opened at $2.08 on Friday. The stock has a market cap of $674.69 million, a price-to-earnings ratio of -3.35 and a beta of 3.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. loanDepot, Inc. has a 12 month low of $1.25 and a 12 month high of $3.71. The company has a 50-day moving average price of $2.46 and a two-hundred day moving average price of $2.21.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atria Investments Inc raised its stake in shares of loanDepot by 41.0% in the third quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock valued at $60,000 after acquiring an additional 6,372 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of loanDepot in the third quarter valued at approximately $27,000. Empowered Funds LLC raised its stake in shares of loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after acquiring an additional 15,565 shares during the last quarter. American Century Companies Inc. raised its stake in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after acquiring an additional 19,655 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in shares of 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 acquiring an additional 45,173 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LDI shares. UBS Group increased their target price on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th. The Goldman Sachs Group increased their target price on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th.

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.