Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells 444,618 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 444,618 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the sale, the director now owns 2,479,960 shares of the company’s stock, valued at approximately $5,232,715.60. This represents a 15.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, December 12th, Anthony Li Hsieh sold 126,927 shares of loanDepot stock. The stock was sold at an average price of $2.12, for a total transaction of $269,085.24.
• 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 stock was sold at an average price of $2.25, for a total value 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 value of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were 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 stock was 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 shares were 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 stock was sold at an average price of $2.04, for a total value of $494,404.20.

loanDepot Trading Up 2.2 %

NYSE:LDI traded up $0.05 during midday trading on Monday, reaching $2.12. 1,128,539 shares of the stock traded hands, compared to its average volume of 612,324. 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 stock has a market capitalization of $691.61 million, a P/E ratio of -3.98 and a beta of 3.42. loanDepot, Inc. has a 12 month low of $1.52 and a 12 month high of $3.71. The company has a fifty day moving average of $2.26 and a 200 day moving average of $2.25.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on LDI shares. The Goldman Sachs Group raised their price objective on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th. UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, September 5th.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently bought and sold shares of the company. Barclays PLC bought a new stake in loanDepot during the 3rd quarter valued at approximately $2,180,000. Walleye Capital LLC purchased a new stake in shares of loanDepot in the third quarter valued at approximately $897,000. Dimensional Fund Advisors LP increased its stake in shares of loanDepot by 390.6% during the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after buying an additional 158,221 shares during the period. Geode Capital Management LLC lifted its position in shares of loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock worth $1,968,000 after purchasing an additional 125,059 shares during the period. Finally, GSA Capital Partners LLP increased its holdings in shares of loanDepot by 275.6% in the 3rd quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock valued at $457,000 after acquiring an additional 122,957 shares during the period. Institutional investors own 39.39% of the company’s stock.

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.