loanDepot, Inc. (NYSE:LDI) Director Sells $734,243.28 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 267,972 shares of loanDepot stock in a transaction on Monday, August 19th. The stock was sold at an average price of $2.74, for a total transaction of $734,243.28. Following the sale, the director now directly owns 3,242,985 shares in the company, valued at approximately $8,885,778.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The stock was sold at an average price of $2.88, for a total value of $773,824.32.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The shares were sold at an average price of $1.84, for a total value of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The shares were sold at an average price of $1.99, for a total value of $323,566.04.
• On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $78,338.61.
• On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $90,500.00.
• On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $1.86, for a total value of $93,000.00.
• On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The shares were sold at an average price of $1.98, for a total value of $150,895.80.
• On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total value of $78,163.12.

loanDepot Stock Performance

LDI traded up $0.02 during trading on Tuesday, reaching $2.75. 950,951 shares of the company were exchanged, compared to its average volume of 480,176. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 4.80. The stock has a market cap of $889.87 million, a P/E ratio of -4.82 and a beta of 3.40. loanDepot, Inc. has a 52 week low of $1.14 and a 52 week high of $3.71. The firm has a 50 day moving average of $1.97 and a 200 day moving average of $2.22.

Institutional Trading of loanDepot

A number of large investors have recently modified their holdings of the company. Jump Financial LLC acquired a new position in loanDepot during the 4th quarter valued at about $81,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of loanDepot in the fourth quarter valued at approximately $106,000. Cullen Capital Management LLC bought a new stake in shares of loanDepot during the fourth quarter valued at approximately $150,000. American Century Companies Inc. boosted its position in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after buying an additional 19,655 shares during the period. Finally, Cetera Advisors LLC grew its holdings in loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LDI. The Goldman Sachs Group boosted their target price on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

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.