loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 50,000 Shares

loanDepot, Inc. (NYSE:LDIGet Free Report) Director Anthony Li Hsieh sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $1.81, for a total value of $90,500.00. Following the transaction, the director now directly owns 2,956,605 shares in the company, valued at approximately $5,351,455.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.86, for a total value of $93,000.00.
  • On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The stock was sold at an average price of $1.98, for a total value of $150,895.80.
  • On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total transaction of $78,163.12.
  • 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 transaction of $437,505.20.

loanDepot Stock Performance

Shares of loanDepot stock opened at $1.79 on Tuesday. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71. The stock’s fifty day moving average price is $2.26 and its 200-day moving average price is $2.49. The firm has a market cap of $579.23 million, a P/E ratio of -3.14 and a beta of 3.54. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 4.80.

loanDepot (NYSE:LDIGet Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.15). loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. The business had revenue of $222.79 million during the quarter, compared to the consensus estimate of $232.65 million. On average, equities research analysts expect that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of loanDepot

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of loanDepot during the fourth quarter valued at about $81,000. Counterpoint Mutual Funds LLC bought a new stake in shares of loanDepot in the 4th quarter valued at about $106,000. Cullen Capital Management LLC purchased a new position in shares of loanDepot in the 4th quarter worth approximately $150,000. Finally, Cetera Advisors LLC boosted its stake in loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on LDI

loanDepot Company Profile

(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.

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

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