loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 178,501 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 178,501 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $2.50, for a total value of $446,252.50. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total transaction of $3,731,000.00.
• On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00.
• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $4.10, for a total transaction of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The shares were sold at an average price of $3.25, for a total transaction of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total value of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total value of $2,409,685.18.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The stock was sold at an average price of $2.10, for a total value of $443,265.90.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total value of $443,265.90.

loanDepot Trading Up 6.2%

NYSE:LDI opened at $2.65 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $5.05. The firm has a market capitalization of $881.42 million, a price-to-earnings ratio of -7.35 and a beta of 3.45. The business’s 50-day moving average price is $3.22 and its two-hundred day moving average price is $2.17.

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

Institutional Investors Weigh In On loanDepot

Institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after purchasing an additional 8,934 shares in the last quarter. Traynor Capital Management Inc. bought a new stake in shares of loanDepot in the third quarter valued at about $31,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of loanDepot during the third quarter worth about $31,000. CWM LLC bought a new position in shares of loanDepot during the third quarter worth about $32,000. Finally, Wilshire Advisors LLC raised its position in loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after buying an additional 7,899 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LDI has been the topic of several analyst reports. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. BTIG Research restated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. UBS Group boosted their target price on loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, The Goldman Sachs Group increased their price target on loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $3.00.

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.