Anthony Li Hsieh Sells 126,927 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 126,927 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $2.12, for a total transaction of $269,085.24. Following the transaction, the director now directly owns 3,299,094 shares of the company’s stock, valued at $6,994,079.28. The trade was a 3.70 % decrease in their ownership of the stock. 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 Monday, December 16th, Anthony Li Hsieh sold 444,618 shares of loanDepot stock. The shares were sold at an average price of $2.11, for a total transaction of $938,143.98.
• On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total value of $231,721.28.
• On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The shares were sold at an average price of $2.25, for a total value of $290,691.00.
• On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total value of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total transaction of $368,101.44.
• 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 transaction 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 value 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.

loanDepot Stock Performance

Shares of loanDepot stock opened at $2.13 on Wednesday. loanDepot, Inc. has a fifty-two week low of $1.52 and a fifty-two week high of $3.71. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $694.88 million, a P/E ratio of -4.09 and a beta of 3.42. The company has a fifty day moving average of $2.25 and a 200 day moving average of $2.25.

Hedge Funds Weigh In On loanDepot

Several large investors have recently made changes to their positions in LDI. Barclays PLC bought a new stake in loanDepot during the 3rd quarter valued at approximately $2,180,000. Walleye Capital LLC bought a new position in shares of loanDepot during the third quarter worth $897,000. Dimensional Fund Advisors LP grew its stake in loanDepot by 390.6% during the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock valued at $328,000 after acquiring an additional 158,221 shares in the last quarter. Geode Capital Management LLC increased 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 valued at $1,968,000 after acquiring an additional 125,059 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its stake in loanDepot by 275.6% in the 3rd quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock worth $457,000 after purchasing an additional 122,957 shares in the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LDI has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective 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 raised their target price on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research note on Thursday, September 5th.

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.