loanDepot, Inc. (NYSE:LDI) Director Sells $78,338.61 in Stock

loanDepot, Inc. (NYSE:LDIGet Free Report) Director Anthony Li Hsieh sold 43,281 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $1.81, for a total transaction of $78,338.61. Following the transaction, the director now owns 2,813,324 shares in the company, valued at $5,092,116.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $1.81, for a total transaction of $90,500.00.
  • 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 transaction of $93,000.00.
  • On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The shares were sold at an average price of $1.98, for a total transaction of $150,895.80.
  • On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The shares were 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 Price Performance

NYSE LDI opened at $2.09 on Friday. The business has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $2.49. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.24 and a quick ratio of 1.24.

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

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group cut their price target 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.

Read Our Latest Analysis on loanDepot

Institutional Trading of loanDepot

A number of large investors have recently bought and sold shares of the business. Cannell Capital LLC increased its stake in loanDepot by 19.5% during the 3rd quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock worth $9,282,000 after purchasing an additional 879,650 shares in the last quarter. Knightsbridge Asset Management LLC grew its stake 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 worth $4,816,000 after acquiring an additional 172,802 shares in the last quarter. Wolverine Asset Management LLC grew its stake 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 worth $3,773,000 after acquiring an additional 397,095 shares in the last quarter. CastleKnight Management LP bought a new position in shares of loanDepot during the 4th quarter worth approximately $1,644,000. Finally, G2 Investment Partners Management LLC bought a new position in shares of loanDepot during the 4th quarter worth approximately $792,000. 39.39% of the stock is owned by institutional investors.

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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