loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 1,300,000 Shares

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 1,300,000 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $2.87, for a total transaction of $3,731,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00.
• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $4.10, for a total transaction of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The shares were sold at an average price of $3.25, for a total transaction of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total transaction of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total transaction of $2,409,685.18.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total transaction of $443,265.90.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total transaction of $443,265.90.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $507,500.00.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $507,500.00.
• On Wednesday, August 27th, Anthony Li Hsieh sold 807,385 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total transaction of $1,663,213.10.

loanDepot Stock Performance

NYSE:LDI opened at $3.01 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.71. The firm has a market capitalization of $996.10 million, a price-to-earnings ratio of -9.12 and a beta of 3.45. The firm’s fifty day simple moving average is $2.84 and its 200 day simple moving average is $1.86. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $5.05.

Institutional Investors Weigh In On loanDepot

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wilshire Advisors LLC increased its position in shares of loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock worth $33,000 after purchasing an additional 7,899 shares during the last quarter. CWM LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at about $32,000. Voya Investment Management LLC bought a new stake in shares of loanDepot during the 3rd quarter valued at about $43,000. Capstone Financial Advisors Inc. grew its position in shares of loanDepot by 60.0% during the 1st quarter. Capstone Financial Advisors Inc. now owns 40,000 shares of the company’s stock valued at $48,000 after buying an additional 15,000 shares during the last quarter. Finally, Knightsbridge Asset Management LLC grew its position in shares of loanDepot by 0.6% during the 1st quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company’s stock valued at $3,696,000 after buying an additional 17,763 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LDI. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a report on Saturday, October 11th. UBS Group boosted their price objective on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $2.85.

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.