Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells 146,072 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 146,072 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $2.52, for a total value of $368,101.44. Following the completion of the sale, the director now owns 7,333,888 shares in the company, valued at $18,481,397.76. The trade was a 1.95 % 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 Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total value of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total transaction of $38,740.36.
• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The stock was sold at an average price of $2.57, for a total value of $26,062.37.
• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total value of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The shares were sold at an average price of $2.44, for a total transaction of $584,938.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The stock was sold at an average price of $2.65, for a total transaction of $163,629.55.
• On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total transaction of $438,518.78.
• On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The stock was sold at an average price of $2.97, for a total transaction of $1,898,382.42.

loanDepot Stock Performance

Shares of NYSE LDI opened at $2.28 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a 12-month low of $1.52 and a 12-month high of $3.71. The firm has a market capitalization of $739.72 million, a price-to-earnings ratio of -4.38 and a beta of 3.46. The firm has a 50 day moving average of $2.43 and a 200 day moving average of $2.23.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LDI. The Goldman Sachs Group raised their price target on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research note on Thursday, November 14th. UBS Group increased their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th.

Institutional Investors Weigh In On loanDepot

A number of hedge funds have recently modified their holdings of LDI. Geode Capital Management LLC raised its holdings in loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock worth $1,968,000 after purchasing an additional 125,059 shares during the period. Barclays PLC bought a new stake in loanDepot during the third quarter valued at about $2,180,000. Jane Street Group LLC purchased a new stake in loanDepot in the third quarter worth about $54,000. Quadrature Capital Ltd raised its stake in shares of loanDepot by 153.8% in the third quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock worth $230,000 after buying an additional 51,231 shares during the period. Finally, Verition Fund Management LLC lifted its position in shares of loanDepot by 293.5% during the 3rd quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock valued at $153,000 after buying an additional 41,767 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

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.