loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 223,488 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 223,488 shares of loanDepot stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $2.32, for a total value of $518,492.16. Following the transaction, the chief executive officer directly owned 217,774 shares of the company’s stock, valued at approximately $505,235.68. The trade was a 50.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The stock was sold at an average price of $2.28, for a total transaction of $496,524.72.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The shares were 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 value 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 value 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 value 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 transaction of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The stock was 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.

loanDepot Stock Performance

LDI stock opened at $2.25 on Friday. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $5.05. The business’s fifty day moving average is $2.83 and its 200-day moving average is $2.39. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.94. The company has a market cap of $749.79 million, a P/E ratio of -6.25 and a beta of 3.45.

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

Institutional Investors Weigh In On loanDepot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its stake in loanDepot by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock valued at $436,000 after purchasing an additional 85,129 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of loanDepot by 1,671.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company’s stock valued at $780,000 after buying an additional 618,153 shares during the last quarter. Philosophy Capital Management LLC lifted its position in shares of loanDepot by 73.3% in the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after buying an additional 1,751,245 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC bought a new position in shares of loanDepot during the 1st quarter worth approximately $1,469,000. Finally, Wolverine Asset Management LLC increased its holdings in shares of loanDepot by 15.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company’s stock worth $1,497,000 after acquiring an additional 158,739 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LDI shares. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. The Goldman Sachs Group raised their price target on loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a research report on Wednesday, October 29th. Finally, UBS Group lifted their price objective on loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $2.58.

About loanDepot

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.