Anthony Li Hsieh Sells 38,504 Shares of loanDepot, Inc. (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDIGet Free Report) Director Anthony Li Hsieh sold 38,504 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $2.03, for a total value of $78,163.12. Following the completion of the transaction, the director now owns 3,255,623 shares of the company’s stock, valued at approximately $6,608,914.69. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Friday, May 17th, Anthony Li Hsieh sold 198,866 shares of loanDepot stock. The shares were sold at an average price of $2.20, for a total value of $437,505.20.

loanDepot Stock Down 1.0 %

Shares of loanDepot stock traded down $0.02 on Thursday, hitting $2.01. 717,160 shares of the company’s stock traded hands, compared to its average volume of 444,795. The stock has a market cap of $649.41 million, a P/E ratio of -3.53 and a beta of 3.54. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 4.80. The firm’s 50-day moving average is $2.34 and its 200 day moving average is $2.46. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71.

loanDepot (NYSE:LDIGet Free Report) last released its earnings results on Tuesday, March 12th. The company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The business had revenue of $228.63 million for the quarter, compared to analysts’ expectations of $239.40 million. loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. Equities analysts anticipate that loanDepot, Inc. will post -0.2 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group reduced their target price on loanDepot from $3.00 to $2.50 and set a “sell” rating for the company in a research note on Wednesday, March 13th.

Check Out Our Latest Report on LDI

Institutional Investors Weigh In On loanDepot

Institutional investors and hedge funds have recently made changes to their positions in the company. Wolverine Asset Management LLC raised its position in shares of loanDepot by 58.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock valued at $3,773,000 after acquiring an additional 397,095 shares in the last quarter. Cannell Capital LLC raised its position in shares of loanDepot by 19.5% during the 3rd quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock valued at $9,282,000 after acquiring an additional 879,650 shares in the last quarter. Knightsbridge Asset Management LLC raised its position in shares of loanDepot by 6.6% during the 3rd quarter. Knightsbridge Asset Management LLC now owns 2,800,039 shares of the company’s stock valued at $4,816,000 after acquiring an additional 172,802 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of loanDepot during the 4th quarter valued at approximately $106,000. Finally, DC Investments Management LLC acquired a new stake in shares of loanDepot during the 1st quarter valued at approximately $559,000. 39.39% of the stock is owned by institutional investors and hedge funds.

About loanDepot

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for loanDepot (NYSE:LDI)

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