Jeff Alexander Walsh Sells 36,811 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 36,811 shares of loanDepot stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total transaction of $97,917.26. Following the transaction, the insider now directly owns 4,035,317 shares in the company, valued at $10,733,943.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $2.85, for a total transaction of $142,500.00.

loanDepot Stock Down 8.3 %

LDI opened at $2.42 on Friday. The company has a market capitalization of $783.09 million, a PE ratio of -4.25 and a beta of 3.43. The firm has a 50-day simple moving average of $2.57 and a two-hundred day simple moving average of $2.26. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. loanDepot, Inc. has a 52 week low of $1.14 and a 52 week high of $3.71.

loanDepot (NYSE:LDI) last released its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.03. The business had revenue of $265.39 million during the quarter, compared to analysts’ expectations of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. Analysts forecast that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on LDI shares. UBS Group raised their price target on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. Finally, The Goldman Sachs Group increased their price objective on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a report on Thursday, August 8th.

Institutional Investors Weigh In On loanDepot

Hedge funds have recently bought and sold shares of the business. Park Avenue Securities LLC purchased a new stake in shares of loanDepot during the 3rd quarter valued at about $27,000. Cullen Capital Management LLC bought a new stake in loanDepot during the fourth quarter worth approximately $150,000. American Century Companies Inc. raised its position in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the period. Cetera Advisors LLC lifted its stake in shares of loanDepot by 66.3% in the 1st 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 last quarter. Finally, 272 Capital LP boosted its holdings in shares of loanDepot by 107.4% in the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after purchasing an additional 94,883 shares during the period. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.