loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 1,121,499 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 1,121,499 shares of the business’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $2.50, for a total transaction of $2,803,747.50. Following the sale, the chief executive officer directly owned 178,501 shares in the company, valued at $446,252.50. The trade was a 86.27% decrease in their position. The transaction 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 Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $446,252.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total value of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total value of $3,731,000.00.
• 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 value of $6,223,500.00.
• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $4.10, for a total value of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The stock was sold at an average price of $3.25, for a total value of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The stock was sold at an average price of $2.64, for a total value of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The stock was 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 stock was sold at an average price of $2.10, for a total transaction of $443,265.90.

loanDepot Trading Up 6.2%

loanDepot stock opened at $2.65 on Wednesday. loanDepot, Inc. has a one year low of $1.01 and a one year high of $5.05. The business’s fifty day moving average is $3.22 and its 200 day moving average is $2.17. The stock has a market capitalization of $881.42 million, a PE ratio of -7.35 and a beta of 3.45. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19.

loanDepot (NYSE:LDI) last issued its earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, topping 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 analyst estimates of $309.20 million. On average, sell-side analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in loanDepot by 622.6% during the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock valued at $17,255,000 after acquiring an additional 4,842,751 shares during the period. Vanguard Group Inc. grew its position in shares of loanDepot by 5.3% during the third quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company’s stock worth $13,902,000 after purchasing an additional 226,347 shares in the last quarter. Philosophy Capital Management LLC raised its stake in loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after purchasing an additional 1,751,245 shares during the period. Knightsbridge Asset Management LLC raised its stake in 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 purchasing an additional 17,763 shares during the period. Finally, UBS Group AG lifted its holdings in loanDepot by 1,125.1% in the 3rd quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after purchasing an additional 1,855,136 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen raised loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. UBS Group increased their price objective on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. BTIG Research restated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. The Goldman Sachs Group upped their target price on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, loanDepot currently has an average rating of “Reduce” and an average target price of $3.00.

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.