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

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loanDepot, Inc. (NYSE:LDI - Get Free Report) 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.

View Our Latest Research Report on loanDepot

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

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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