loanDepot (NYSE:LDI) Shares Down 4.3% - Should You Sell?

loanDepot, Inc. (NYSE:LDI - Get Free Report)'s stock price dropped 4.3% during trading on Friday . The stock traded as low as $1.67 and last traded at $1.67. Approximately 65,078 shares traded hands during trading, a decline of 90% from the average daily volume of 662,033 shares. The stock had previously closed at $1.74.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group increased their price objective on loanDepot from $1.70 to $2.70 and gave the company a "sell" rating in a report on Thursday, November 14th.

loanDepot Trading Down 1.5 %

The stock has a market cap of $534.65 million, a PE ratio of -3.14, a PEG ratio of 0.27 and a beta of 3.37. The company's fifty day moving average is $1.88 and its 200-day moving average is $2.24. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16.

Insider Transactions at loanDepot

In other news, Director Anthony Li Hsieh sold 146,072 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $2.52, for a total transaction of $368,101.44. Following the sale, the director now owns 7,333,888 shares of the company's stock, valued at $18,481,397.76. This trade represents a 1.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 1,037,264 shares of company stock worth $2,293,524 over the last quarter. 83.04% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in shares of loanDepot during the 3rd quarter worth approximately $2,180,000. Walleye Capital LLC purchased a new stake in shares of loanDepot during the third quarter worth about $897,000. Geode Capital Management LLC raised its position in shares of loanDepot by 21.0% during 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 last quarter. Jane Street Group LLC purchased a new position in loanDepot in the 3rd quarter valued at about $54,000. Finally, GSA Capital Partners LLP boosted its holdings in loanDepot by 275.6% in the 3rd quarter. GSA Capital Partners LLP now owns 167,578 shares of the company's stock worth $457,000 after buying an additional 122,957 shares during 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.