Insider Selling: loanDepot (NYSE:LDI) CEO Sells 884,495 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 884,495 shares of the stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $2.70, for a total value of $2,388,136.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, January 14th, Anthony Li Hsieh sold 415,505 shares of loanDepot stock. The stock was sold at an average price of $2.66, for a total value of $1,105,243.30.
• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total value of $496,524.72.
• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $518,492.16.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The stock was sold at an average price of $2.29, for a total transaction of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The shares were sold at an average price of $2.49, for a total transaction of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The stock was sold at an average price of $2.67, for a total transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were sold at an average price of $2.81, for a total transaction of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total value of $446,252.50.

loanDepot Stock Up 19.9%

Shares of loanDepot stock traded up $0.53 during midday trading on Friday, hitting $3.20. The company had a trading volume of 9,968,692 shares, compared to its average volume of 5,884,159. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $1.07 billion, a P/E ratio of -8.89, a P/E/G ratio of 0.61 and a beta of 3.47. The company has a 50 day moving average of $2.53 and a 200 day moving average of $2.52. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $5.05.

loanDepot (NYSE:LDI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The business had revenue of $325.16 million during the quarter, compared to analysts’ expectations of $309.20 million. On average, equities analysts predict that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LDI has been the subject of several recent analyst reports. UBS Group lifted their target price on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Morgan Stanley set a $1.75 price target on shares of loanDepot in a research report on Monday, December 1st. The Goldman Sachs Group set a $2.40 price objective on shares of loanDepot in a report on Tuesday, January 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $2.38.

Institutional Investors Weigh In On loanDepot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in loanDepot in the 4th quarter valued at $26,000. Jones Financial Companies Lllp boosted its stake in shares of loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after purchasing an additional 8,934 shares during the period. Traynor Capital Management Inc. bought a new position in loanDepot in the 3rd quarter valued at $31,000. Wealth Enhancement Advisory Services LLC bought a new position in loanDepot in the 3rd quarter worth about $31,000. Finally, CWM LLC purchased a new position in shares of loanDepot during the third quarter valued at $32,000. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Company Profile

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.