loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 83,667 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 83,667 shares of the firm’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $2.34, for a total value of $195,780.78. Following the completion of the sale, the director now directly owns 5,684,228 shares of the company’s stock, valued at approximately $13,301,093.52. This trade represents a 1.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• 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 transaction of $26,062.37.
• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total transaction of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The stock was sold at an average price of $2.44, for a total value of $584,938.76.
• On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The shares were sold at an average price of $2.65, for a total value of $163,629.55.

loanDepot Stock Down 1.3 %

Shares of NYSE LDI opened at $2.28 on Thursday. The firm’s 50 day moving average price is $2.38 and its 200 day moving average price is $2.23. 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 firm has a market cap of $745.56 million, a P/E ratio of -4.38 and a beta of 3.46. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71.

Institutional Investors Weigh In On loanDepot

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC purchased a new position in loanDepot during the third quarter worth approximately $2,180,000. Walleye Capital LLC purchased a new stake in shares of loanDepot during the 3rd quarter worth about $897,000. Dimensional Fund Advisors LP increased 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 purchasing an additional 158,221 shares in the last quarter. Geode Capital Management LLC raised its holdings in loanDepot by 21.0% in the third 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 during the period. Finally, GSA Capital Partners LLP lifted its position in loanDepot by 275.6% during the third quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock valued at $457,000 after buying an additional 122,957 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LDI. The Goldman Sachs Group upped their price objective on loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a research report on Thursday, November 14th. UBS Group boosted their target price on shares of loanDepot from $2.30 to $2.50 and gave the company 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.