Jeff Alexander Walsh Sells 36,811 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 36,811 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total transaction of $97,917.26. Following the completion of the sale, the insider now directly owns 4,035,317 shares in the company, valued at $10,733,943.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeff Alexander Walsh also recently made the following trade(s):

• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $2.85, for a total value of $142,500.00.

loanDepot Trading Down 8.3 %

Shares of NYSE LDI opened at $2.42 on Friday. loanDepot, Inc. has a twelve month low of $1.14 and a twelve month high of $3.71. The firm has a market cap of $783.09 million, a PE ratio of -4.25 and a beta of 3.43. The business has a fifty day simple moving average of $2.57 and a two-hundred day simple moving average of $2.26. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69.

loanDepot (NYSE:LDI) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. Analysts expect that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on LDI. The Goldman Sachs Group boosted their price objective on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a report on Thursday, August 8th. JMP Securities restated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. Finally, UBS Group lifted their price objective on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th.

Institutional Investors Weigh In On loanDepot

Several hedge funds have recently modified their holdings of LDI. CastleKnight Management LP bought a new position in loanDepot in the fourth quarter worth approximately $1,644,000. G2 Investment Partners Management LLC purchased a new stake in shares of loanDepot during the 4th quarter worth $792,000. DC Investments Management LLC bought a new stake in loanDepot during the first quarter valued at about $559,000. Dimensional Fund Advisors LP grew its stake in loanDepot by 390.6% in the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after purchasing an additional 158,221 shares during the last quarter. Finally, 272 Capital LP raised its holdings in loanDepot by 107.4% in the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.