Anthony Li Hsieh Sells 126,927 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Anthony Li Hsieh sold 126,927 shares of loanDepot stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $2.12, for a total value of $269,085.24. Following the sale, the director now owns 3,299,094 shares of the company's stock, valued at approximately $6,994,079.28. This represents a 3.70 % decrease in their ownership of the stock. The sale 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, December 16th, Anthony Li Hsieh sold 444,618 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total value of $938,143.98.
• On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total value of $231,721.28.
• On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The shares were sold at an average price of $2.25, for a total transaction 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 stock was sold at an average price of $2.52, for a total value of $368,101.44.
• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The shares were 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 transaction 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 transaction of $494,404.20.

loanDepot Price Performance

Shares of LDI traded up $0.05 during trading hours on Monday, hitting $2.12. 1,128,539 shares of the company were exchanged, compared to its average volume of 612,324. The company has a market cap of $691.61 million, a price-to-earnings ratio of -4.07 and a beta of 3.42. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.71. The firm's fifty day moving average is $2.26 and its 200 day moving average is $2.25.

Hedge Funds Weigh In On loanDepot

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wolverine Asset Management LLC raised its position in shares of loanDepot by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company's stock worth $1,683,000 after acquiring an additional 57,546 shares in the last quarter. Barclays PLC bought a new position in shares of loanDepot in the third quarter valued at $2,180,000. Geode Capital Management LLC boosted its stake in loanDepot by 21.0% during the 3rd 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. Walleye Capital LLC purchased a new stake in loanDepot in the 3rd quarter valued at $897,000. Finally, Empowered Funds LLC lifted its stake in loanDepot by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company's stock valued at $638,000 after acquiring an additional 11,792 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LDI has been the subject of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of loanDepot from $1.70 to $2.70 and gave the company a "sell" rating in a report on Thursday, November 14th. UBS Group boosted their price objective on shares of loanDepot from $2.30 to $2.50 and gave the stock a "neutral" rating in a research report on Thursday, September 5th.

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.

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