Insider Selling: loanDepot, Inc. (NYSE:LDI) Insider Sells $75,028.00 in Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 37,514 shares of the company’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $2.00, for a total transaction of $75,028.00. Following the sale, the insider directly owned 4,103,237 shares in the company, valued at $8,206,474. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jeff Alexander Walsh also recently made the following trade(s):

• On Monday, July 21st, Jeff Alexander Walsh sold 70,000 shares of loanDepot stock. The shares were sold at an average price of $2.01, for a total transaction of $140,700.00.
• On Friday, July 18th, Jeff Alexander Walsh sold 3,957 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $7,914.00.

loanDepot Price Performance

Shares of LDI opened at $1.78 on Friday. The firm has a market capitalization of $585.59 million, a PE ratio of -3.94 and a beta of 3.33. The company’s 50-day moving average is $1.42 and its 200-day moving average is $1.43. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.23. The company has a debt-to-equity ratio of 6.48, a current ratio of 1.18 and a quick ratio of 1.18.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). loanDepot had a negative return on equity of 18.41% and a negative net margin of 7.74%. The business had revenue of $273.62 million for the quarter, compared to the consensus estimate of $275.11 million. Equities analysts forecast that loanDepot, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently bought and sold shares of the business. Aquatic Capital Management LLC bought a new position in loanDepot during the fourth quarter worth about $30,000. Alpine Global Management LLC bought a new position in loanDepot during the fourth quarter worth about $33,000. Wilshire Advisors LLC increased its position in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock worth $33,000 after acquiring an additional 7,899 shares during the period. Boothbay Fund Management LLC bought a new position in loanDepot during the fourth quarter worth about $41,000. Finally, Invesco Ltd. bought a new position in loanDepot during the first quarter worth about $44,000. 39.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group set a $1.40 price objective on shares of loanDepot and gave the company a “neutral” rating in a research report on Wednesday, July 16th.

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.