loanDepot, Inc. (NYSE:LDI – Get Free Report) 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
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.
Get Our Latest Stock Report on loanDepot
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.
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