loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 260,251 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 260,251 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $2.49, for a total transaction of $648,024.99. Following the completion of the transaction, the chief executive officer owned 1,039,749 shares of the company’s stock, valued at $2,588,975.01. This trade represents a 20.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction of $699,160.28.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were sold at an average price of $2.69, for a total transaction of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The stock was sold at an average price of $2.67, for a total transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was sold at an average price of $2.81, for a total value of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total value of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total value of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $3,731,000.00.

loanDepot Stock Performance

Shares of LDI stock opened at $2.33 on Thursday. The stock has a market cap of $777.12 million, a P/E ratio of -6.46 and a beta of 3.45. The company has a fifty day moving average price of $2.86 and a two-hundred day moving average price of $2.38. loanDepot, Inc. has a one year low of $1.01 and a one year high of $5.05. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19.

loanDepot (NYSE:LDI) last issued its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $325.16 million during the quarter, compared to the consensus estimate of $309.20 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. As a group, equities analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On loanDepot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in loanDepot by 8,934.0% in the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after acquiring an additional 8,934 shares in the last quarter. Traynor Capital Management Inc. bought a new position in loanDepot in the 3rd quarter valued at about $31,000. Wealth Enhancement Advisory Services LLC bought a new position in loanDepot in the 3rd quarter valued at about $31,000. CWM LLC bought a new stake in shares of loanDepot during the 3rd quarter worth approximately $32,000. Finally, Wilshire Advisors LLC boosted its holdings in shares of loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after purchasing an additional 7,899 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. UBS Group raised their price objective on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. The Goldman Sachs Group boosted their price objective on loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Finally, BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research note on Wednesday, September 10th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $2.58.

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.