loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 152,794 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 152,794 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $2.87, for a total transaction of $438,518.78. Following the transaction, the director now directly owns 2,237,666 shares of the company’s stock, valued at $6,422,101.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The shares were sold at an average price of $2.97, for a total transaction of $1,898,382.42.
• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The shares were sold at an average price of $2.74, for a total transaction of $734,243.28.
• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The shares were sold at an average price of $2.88, for a total transaction of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total transaction of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The shares were sold at an average price of $1.99, for a total transaction of $323,566.04.
• On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $78,338.61.

loanDepot Price Performance

Shares of NYSE LDI traded down $0.23 during midday trading on Thursday, reaching $2.62. The stock had a trading volume of 1,129,038 shares, compared to its average volume of 505,769. The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50-day moving average of $2.12 and a 200-day moving average of $2.24. loanDepot, Inc. has a 12-month low of $1.14 and a 12-month high of $3.71. The company has a market capitalization of $846.19 million, a price-to-earnings ratio of -4.61 and a beta of 3.40.

loanDepot (NYSE:LDI) last issued its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. The firm had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. As a group, research analysts anticipate that loanDepot, Inc. will post -0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On loanDepot

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC boosted its position in shares of loanDepot by 8.2% during the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after acquiring an additional 15,565 shares during the last quarter. American Century Companies Inc. boosted its position in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after acquiring an additional 19,655 shares during the last quarter. Jump Financial LLC bought a new position in shares of loanDepot during the fourth quarter worth $81,000. Counterpoint Mutual Funds LLC bought a new position in shares of loanDepot during the fourth quarter worth $106,000. Finally, Cullen Capital Management LLC bought a new position in shares of loanDepot during the fourth quarter worth $150,000. Institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st. The Goldman Sachs Group increased their price objective on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research note on Thursday, August 8th.

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.