Anthony Li Hsieh Sells 230,815 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 230,815 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $2.69, for a total value of $620,892.35. Following the sale, the chief executive officer owned 1,300,000 shares of the company’s stock, valued at approximately $3,497,000. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total value of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was 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.
• 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 shares were 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 stock was 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 stock was 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 shares were sold at an average price of $4.10, for a total transaction of $5,330,000.00.

loanDepot Price Performance

Shares of LDI stock opened at $2.61 on Friday. The firm’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $2.35. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $5.05. The stock has a market cap of $868.08 million, a PE ratio of -7.24 and a beta of 3.45.

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

Institutional Trading of loanDepot

Several hedge funds have recently bought and sold shares of LDI. Millennium Management LLC lifted its stake in loanDepot by 622.6% in the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock valued at $17,255,000 after buying an additional 4,842,751 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of loanDepot by 5.3% during the third quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company’s stock worth $13,902,000 after acquiring an additional 226,347 shares during the period. Philosophy Capital Management LLC lifted its position in loanDepot by 73.3% in the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after acquiring an additional 1,751,245 shares in the last quarter. Knightsbridge Asset Management LLC boosted its stake in loanDepot by 0.6% in the 1st quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company’s stock worth $3,696,000 after purchasing an additional 17,763 shares during the period. Finally, UBS Group AG increased its holdings in loanDepot by 1,125.1% during the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after purchasing an additional 1,855,136 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LDI. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. The Goldman Sachs Group upped their target price on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a research note on Wednesday, October 29th. Finally, Morgan Stanley set a $1.75 price target on shares of loanDepot in a research report on Monday, December 1st. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, loanDepot has an average rating of “Reduce” and a consensus target price of $2.58.

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.