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

loanDepot, Inc. (NYSE:LDI) 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.

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

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.