Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $231,721.28 in Stock

Posted by Donna Armstrong on Dec 14th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 106,784 shares of the business’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $2.17, for a total transaction of $231,721.28. Following the completion of the sale, the director now directly owns 3,560,584 shares in the company, valued at approximately $7,726,467.28. This represents a 2.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The stock was sold at an average price of $2.25, for a total value of $290,691.00.
On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The shares were sold at an average price of $2.34, for a total value of $195,780.78.
On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value 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 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 transaction of $26,062.37.

loanDepot Trading Down 1.9 %

LDI opened at $2.06 on Friday. The company has a fifty day moving average price of $2.26 and a two-hundred day moving average price of $2.24. loanDepot, Inc. has a 1-year low of $1.52 and a 1-year high of $3.71. The company has a market cap of $673.62 million, a P/E ratio of -3.96 and a beta of 3.42. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LDI shares. UBS Group lifted 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. The Goldman Sachs Group boosted their price target on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th.

View Our Latest Research Report on loanDepot

Institutional Trading of loanDepot

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC acquired a new stake in loanDepot in the third quarter valued at approximately $27,000. Jane Street Group LLC acquired a new stake in loanDepot in the 3rd quarter valued at $54,000. Atria Investments Inc increased its stake in 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. Verition Fund Management LLC raised its holdings in loanDepot by 293.5% during the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after buying an additional 41,767 shares during the last quarter. Finally, Requisite Capital Management LLC bought a new position in shares of loanDepot in the third quarter valued at $164,000. 39.39% of the stock is owned by institutional investors.

About loanDepot

(Get Free Report)

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.