loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 126,927 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 126,927 shares of loanDepot stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $2.12, for a total value of $269,085.24. Following the sale, the director now directly owns 3,299,094 shares of the company’s stock, valued at approximately $6,994,079.28. This trade represents a 3.70 % decrease in their ownership of the stock. The sale 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 Monday, December 16th, Anthony Li Hsieh sold 444,618 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total value of $938,143.98.
• On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total transaction of $231,721.28.
• On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The shares were sold at an average price of $2.25, for a total transaction 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 transaction 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 transaction of $368,101.44.
• 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 value of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total value of $38,740.36.
• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $494,404.20.

loanDepot Price Performance

Shares of NYSE LDI opened at $2.12 on Tuesday. loanDepot, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.71. The company has a market cap of $691.61 million, a PE ratio of -4.07 and a beta of 3.42. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The business has a 50-day simple moving average of $2.25 and a two-hundred day simple moving average of $2.25.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LDI. The Goldman Sachs Group raised their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th. UBS Group raised 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.

Institutional Trading of loanDepot

Institutional investors have recently bought and sold shares of the stock. Park Avenue Securities LLC purchased a new position in shares of loanDepot in the third quarter worth $27,000. Jane Street Group LLC purchased a new position in loanDepot in the 3rd quarter worth $54,000. Atria Investments Inc raised its stake in loanDepot by 41.0% in the 3rd quarter. Atria Investments Inc now owns 21,916 shares of the company’s stock worth $60,000 after acquiring an additional 6,372 shares during the last quarter. Verition Fund Management LLC lifted its position in loanDepot by 293.5% during the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after acquiring an additional 41,767 shares during the period. Finally, Requisite Capital Management LLC purchased a new stake in loanDepot during the 3rd quarter valued at about $164,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.