loanDepot, Inc. (NYSE:LDI) Insider Jeff Alexander Walsh Sells 50,000 Shares

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 50,000 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $2.85, for a total value of $142,500.00. Following the sale, the insider now owns 4,122,128 shares in the company, valued at approximately $11,748,064.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

loanDepot Price Performance

Shares of NYSE LDI opened at $3.08 on Friday. The firm has a market cap of $996.66 million, a P/E ratio of -5.40 and a beta of 3.40. 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, Inc. has a 1-year low of $1.14 and a 1-year high of $3.71. The business’s 50 day moving average is $2.02 and its 200-day moving average is $2.23.

Wall Street Analyst Weigh In

Several analysts recently issued reports on LDI shares. The Goldman Sachs Group upped their target price on loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a report on Thursday, August 8th. JMP Securities reiterated a “market perform” rating on shares of loanDepot in a report on Friday, June 21st.

Hedge Funds Weigh In On loanDepot

A number of large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC increased its stake in shares of loanDepot by 6.0% during the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. CastleKnight Management LP bought a new position in shares of loanDepot during the fourth quarter worth approximately $1,644,000. G2 Investment Partners Management LLC bought a new position in shares of loanDepot during the fourth quarter worth approximately $792,000. DC Investments Management LLC acquired a new stake in loanDepot during the first quarter worth approximately $559,000. Finally, Empowered Funds LLC grew its position in loanDepot by 8.2% during the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after buying an additional 15,565 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

About loanDepot

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.