loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 884,495 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 884,495 shares of the business’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $2.70, for a total value of $2,388,136.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, January 14th, Anthony Li Hsieh sold 415,505 shares of loanDepot stock. The stock was sold at an average price of $2.66, for a total value of $1,105,243.30.
• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total value of $496,524.72.
• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total value of $518,492.16.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The stock was sold at an average price of $2.29, for a total transaction of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were sold at an average price of $2.41, for a total transaction of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The stock was sold at an average price of $2.49, for a total transaction of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were sold at an average price of $2.69, for a total transaction of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The stock was sold at an average price of $2.67, for a total transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were sold at an average price of $2.81, for a total value of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total value of $446,252.50.

loanDepot Trading Up 19.9%

NYSE:LDI opened at $3.20 on Friday. The firm has a market capitalization of $1.07 billion, a P/E ratio of -8.89, a P/E/G ratio of 0.63 and a beta of 3.47. The business has a 50 day simple moving average of $2.54 and a 200 day simple moving average of $2.53. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $5.05.

loanDepot (NYSE:LDI) last posted its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The company had revenue of $325.16 million for the quarter, compared to analysts’ expectations of $309.20 million. Equities research analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position in shares of loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after purchasing an additional 8,934 shares in the last quarter. Traynor Capital Management Inc. acquired a new stake in loanDepot during the third quarter valued at approximately $31,000. CWM LLC bought a new stake in loanDepot during the third quarter worth approximately $32,000. Wealth Enhancement Advisory Services LLC acquired a new position in loanDepot in the third quarter worth approximately $31,000. Finally, Russell Investments Group Ltd. bought a new position in shares of loanDepot in the third quarter valued at $35,000. 39.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LDI has been the topic of several analyst reports. The Goldman Sachs Group set a $2.40 price target on shares of loanDepot in a research note on Tuesday, January 6th. Morgan Stanley set a $1.75 target price on loanDepot in a research report on Monday, December 1st. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research report on Sunday, November 9th. UBS Group raised their price target on loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $2.38.

loanDepot Company Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.