loanDepot, Inc. (NYSE:LDI) Insider Jeff Alexander Walsh Sells 39,284 Shares

loanDepot, Inc. (NYSE:LDIGet Free Report) insider Jeff Alexander Walsh sold 39,284 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $2.63, for a total value of $103,316.92. Following the transaction, the insider now owns 3,954,678 shares of the company’s stock, valued at $10,400,803.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jeff Alexander Walsh also recently made the following trade(s):

  • On Tuesday, January 9th, Jeff Alexander Walsh sold 82,141 shares of loanDepot stock. The stock was sold at an average price of $3.02, for a total value of $248,065.82.
  • On Friday, December 22nd, Jeff Alexander Walsh sold 59,352 shares of loanDepot stock. The stock was sold at an average price of $3.31, for a total value of $196,455.12.
  • On Wednesday, December 6th, Jeff Alexander Walsh sold 26,666 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $53,332.00.
  • On Wednesday, November 22nd, Jeff Alexander Walsh sold 10,831 shares of loanDepot stock. The shares were sold at an average price of $1.76, for a total value of $19,062.56.
  • On Monday, November 20th, Jeff Alexander Walsh sold 700 shares of loanDepot stock. The shares were sold at an average price of $1.75, for a total value of $1,225.00.

loanDepot Price Performance

LDI opened at $2.58 on Thursday. loanDepot, Inc. has a 12-month low of $1.14 and a 12-month high of $3.71. The business has a 50 day moving average of $2.83 and a 200-day moving average of $2.14. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 3.70.

loanDepot (NYSE:LDIGet Free Report) last released its quarterly earnings data on Tuesday, November 7th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.07). loanDepot had a negative net margin of 17.51% and a negative return on equity of 28.80%. The business had revenue of $265.66 million during the quarter, compared to analyst estimates of $267.75 million. As a group, research analysts predict that loanDepot, Inc. will post -0.49 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LDI shares. UBS Group started coverage on loanDepot in a research report on Wednesday, December 6th. They set a “neutral” rating and a $2.00 price target for the company. The Goldman Sachs Group cut loanDepot from a “neutral” rating to a “sell” rating and increased their price target for the company from $1.75 to $3.00 in a research report on Tuesday, January 9th.

Read Our Latest Stock Analysis on LDI

Institutional Trading of loanDepot

A number of hedge funds have recently made changes to their positions in LDI. Mercer Global Advisors Inc. ADV acquired a new position in loanDepot in the 3rd quarter valued at $32,000. HRT Financial LP acquired a new position in loanDepot in the 1st quarter valued at $32,000. Envestnet Asset Management Inc. acquired a new position in loanDepot in the 2nd quarter valued at $33,000. Jane Street Group LLC raised its holdings in loanDepot by 26.2% in the 2nd quarter. Jane Street Group LLC now owns 27,513 shares of the company’s stock valued at $40,000 after acquiring an additional 5,711 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in loanDepot by 106.0% in the 4th quarter. LPL Financial LLC now owns 26,297 shares of the company’s stock valued at $43,000 after acquiring an additional 13,530 shares in the last quarter. 53.01% of the stock is owned by institutional investors and hedge funds.

About loanDepot

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loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. It offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. The company 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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