Insider Selling: loanDepot, Inc. (NYSE:LDI) Insider Sells 66,666 Shares of Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 66,666 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total transaction of $168,664.98. Following the transaction, the insider now owns 3,938,792 shares in the company, valued at approximately $9,965,143.76. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jeff Alexander Walsh also recently made the following trade(s):

• On Tuesday, October 1st, Jeff Alexander Walsh sold 36,811 shares of loanDepot stock. The stock was sold at an average price of $2.66, for a total value of $97,917.26.
• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $2.85, for a total value of $142,500.00.

loanDepot Trading Down 2.9 %

loanDepot stock opened at $2.65 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The stock has a market cap of $861.65 million, a PE ratio of -5.10 and a beta of 3.46. The stock has a 50-day moving average price of $2.43 and a 200 day moving average price of $2.22. loanDepot, Inc. has a 52 week low of $1.35 and a 52 week high of $3.71.

Hedge Funds Weigh In On loanDepot

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares in the last quarter. DC Investments Management LLC acquired a new position in loanDepot during the 1st quarter worth approximately $559,000. Cetera Advisors LLC lifted its position in loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after acquiring an additional 45,173 shares in the last quarter. Wolverine Asset Management LLC lifted its position in loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares in the last quarter. Finally, American Century Companies Inc. raised its position 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 in the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

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.