loanDepot (NYSE:LDI) Stock Price Down 3.9% – Should You Sell?

loanDepot, Inc. (NYSE:LDI) was down 3.9% during trading on Thursday . The company traded as low as $1.74 and last traded at $1.74. Approximately 49,531 shares changed hands during trading, a decline of 94% from the average daily volume of 836,755 shares. The stock had previously closed at $1.81.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lifted their price objective on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a report on Thursday, November 14th.

loanDepot Stock Down 0.8 %

The stock’s 50 day moving average is $2.10 and its 200 day moving average is $2.25. The company has a market capitalization of $580.43 million, a PE ratio of -3.41, a PEG ratio of 0.26 and a beta of 3.41. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16.

Insider Buying and Selling at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 255,428 shares of loanDepot stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $2.11, for a total transaction of $538,953.08. Following the completion of the transaction, the director now owns 7,672,258 shares of the company’s stock, valued at $16,188,464.38. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeff Alexander Walsh sold 66,666 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total transaction of $168,664.98. Following the completion of the sale, the insider now directly owns 3,938,792 shares in the company, valued at approximately $9,965,143.76. The trade was a 1.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,359,358 shares of company stock valued at $3,001,142 in the last 90 days. 83.04% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LDI. Barclays PLC bought a new stake in shares of loanDepot during the 3rd quarter valued at about $2,180,000. Walleye Capital LLC purchased a new stake in loanDepot in the third quarter valued at approximately $897,000. Geode Capital Management LLC lifted its position in loanDepot by 21.0% during the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares during the last quarter. Jane Street Group LLC purchased a new position in loanDepot in the 3rd quarter worth approximately $54,000. Finally, American Century Companies Inc. grew its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after buying an additional 19,655 shares in the last quarter. 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.