loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 106,784 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 106,784 shares of loanDepot stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $2.17, for a total value of $231,721.28. Following the transaction, the director now directly owns 3,560,584 shares in the company, valued at approximately $7,726,467.28. The trade was a 2.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was 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 shares were 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 stock was 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 shares were sold at an average price of $2.57, for a total value of $26,062.37.

loanDepot Stock Performance

Shares of LDI opened at $2.06 on Friday. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $2.24. The firm has a market cap of $673.62 million, a PE ratio of -3.96 and a beta of 3.42.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC boosted its position in loanDepot by 6.0% during the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. Barclays PLC bought a new position in loanDepot in the 3rd quarter worth approximately $2,180,000. Geode Capital Management LLC grew its stake 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 buying an additional 125,059 shares in the last quarter. Walleye Capital LLC bought a new stake in loanDepot during the 3rd quarter valued at $897,000. Finally, Empowered Funds LLC lifted its position in shares of loanDepot by 5.3% during the third quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock worth $638,000 after acquiring an additional 11,792 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LDI has been the topic of a number of research analyst reports. UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a report on Thursday, September 5th. The Goldman Sachs Group boosted their target price on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research note on Thursday, November 14th.

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.