loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 198,866 Shares of Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 198,866 shares of the stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $2.20, for a total transaction of $437,505.20. Following the completion of the sale, the director now owns 3,590,891 shares of the company’s stock, valued at $7,899,960.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

loanDepot Stock Up 1.2 %

loanDepot stock opened at $2.11 on Wednesday. loanDepot, Inc. has a 12-month low of $1.14 and a 12-month high of $3.71. The company has a 50-day moving average price of $2.35 and a 200 day moving average price of $2.47. The company has a debt-to-equity ratio of 4.80, a quick ratio of 1.24 and a current ratio of 1.24.

loanDepot (NYSE:LDI) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.11). The firm had revenue of $228.63 million for the quarter, compared to analyst estimates of $239.40 million. loanDepot had a negative return on equity of 19.52% and a negative net margin of 10.26%. As a group, analysts expect that loanDepot, Inc. will post -0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LDI. Cannell Capital LLC boosted its stake in shares of loanDepot by 19.5% in the third quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock valued at $9,282,000 after purchasing an additional 879,650 shares during the period. CastleKnight Management LP purchased a new position in shares of loanDepot in the fourth quarter valued at approximately $1,644,000. Wolverine Asset Management LLC boosted its stake in shares of loanDepot by 58.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock valued at $3,773,000 after purchasing an additional 397,095 shares during the period. G2 Investment Partners Management LLC purchased a new position in loanDepot in the fourth quarter worth approximately $792,000. Finally, DC Investments Management LLC purchased a new position in loanDepot in the first quarter worth approximately $559,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.