Anthony Li Hsieh Sells 146,072 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 146,072 shares of loanDepot stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $2.52, for a total value of $368,101.44. Following the completion of the transaction, the director now owns 7,333,888 shares in the company, valued at approximately $18,481,397.76. This represents a 1.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The shares were 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 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 shares were sold at an average price of $2.57, for a total value 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 value of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total value of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The shares were sold at an average price of $2.44, for a total value of $584,938.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The stock was sold at an average price of $2.65, for a total transaction 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 transaction of $438,518.78.
• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The stock was sold at an average price of $2.97, for a total transaction of $1,898,382.42.

loanDepot Stock Performance

Shares of LDI opened at $2.37 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.18 and a debt-to-equity ratio of 4.76. The firm’s fifty day simple moving average is $2.43 and its two-hundred day simple moving average is $2.23. loanDepot, Inc. has a 12 month low of $1.52 and a 12 month high of $3.71. The stock has a market capitalization of $770.61 million, a P/E ratio of -4.56 and a beta of 3.46.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Park Avenue Securities LLC bought a new stake in loanDepot in the third quarter worth approximately $27,000. Jane Street Group LLC bought a new position in shares of loanDepot during the 3rd quarter worth approximately $54,000. Atria Investments Inc grew its position in shares of loanDepot by 41.0% during the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock worth $60,000 after buying an additional 6,372 shares during the period. Verition Fund Management LLC increased 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 acquiring an additional 41,767 shares in the last quarter. Finally, Requisite Capital Management LLC acquired a new position in shares of loanDepot during the 3rd quarter valued at $164,000. 39.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LDI has been the subject of several analyst reports. The Goldman Sachs Group raised their target price on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th. UBS Group raised their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research 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.