Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $773,824.32 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 268,689 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $2.88, for a total transaction of $773,824.32. Following the sale, the director now directly owns 3,510,957 shares in the company, valued at approximately $10,111,556.16. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The shares were sold at an average price of $2.74, for a total transaction of $734,243.28.
• On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The stock was sold at an average price of $1.84, for a total value of $106,835.92.
• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was sold at an average price of $1.99, for a total value of $323,566.04.
• On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total value of $78,338.61.
• On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $1.81, for a total value of $90,500.00.
• On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.86, for a total transaction of $93,000.00.
• On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The stock was sold at an average price of $1.98, for a total transaction of $150,895.80.
• On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total transaction of $78,163.12.

loanDepot Price Performance

Shares of loanDepot stock opened at $2.83 on Friday. The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71. The company has a fifty day moving average of $2.02 and a 200-day moving average of $2.23. The stock has a market capitalization of $914.14 million, a price-to-earnings ratio of -4.96 and a beta of 3.40.

Institutional Trading of loanDepot

Several hedge funds have recently added to or reduced their stakes in the business. 272 Capital LP increased its holdings in shares of loanDepot by 107.4% in the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after buying an additional 94,883 shares during the period. Dimensional Fund Advisors LP grew its position in loanDepot by 390.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after acquiring an additional 158,221 shares during the last quarter. American Century Companies Inc. increased its stake in loanDepot by 27.3% in the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares during the period. Wolverine Asset Management LLC lifted its position in loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock valued at $1,683,000 after purchasing an additional 57,546 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after purchasing an additional 45,173 shares during the period. 39.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

LDI has been the topic of a number of research reports. The Goldman Sachs Group raised their price target on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research report on Thursday, August 8th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

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.