Anthony Li Hsieh Sells 3,046,005 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 3,046,005 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $2.64, for a total value of $8,041,453.20. Following the transaction, the chief executive officer owned 4,693,712 shares in the company, valued at $12,391,399.68. This represents a 39.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total value of $2,409,685.18.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The stock was sold at an average price of $2.10, for a total value of $443,265.90.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total value of $443,265.90.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total value of $507,500.00.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total value of $507,500.00.
• On Wednesday, August 27th, Anthony Li Hsieh sold 807,385 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total value of $1,663,213.10.
• On Tuesday, August 26th, Anthony Li Hsieh sold 173,124 shares of loanDepot stock. The shares were sold at an average price of $2.02, for a total value of $349,710.48.
• On Monday, August 25th, Anthony Li Hsieh sold 1,017,198 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $2,075,083.92.
• On Friday, August 22nd, Anthony Li Hsieh sold 1,184,108 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $2,415,580.32.
• On Wednesday, August 20th, Anthony Li Hsieh sold 243 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $486.00.

loanDepot Stock Performance

NYSE LDI opened at $3.27 on Wednesday. The company has a market cap of $1.08 billion, a PE ratio of -9.91 and a beta of 3.37. The stock’s 50 day simple moving average is $1.88 and its 200-day simple moving average is $1.50. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $4.03. The company has a debt-to-equity ratio of 6.71, a current ratio of 1.18 and a quick ratio of 1.18.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LDI shares. Wall Street Zen cut loanDepot from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. UBS Group increased their price target on loanDepot from $1.40 to $1.90 and gave the company a “neutral” rating in a report on Wednesday, August 20th. Finally, BTIG Research started coverage on loanDepot in a report on Monday, August 18th. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $2.30.

Institutional Investors Weigh In On loanDepot

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Alpine Global Management LLC acquired a new stake in shares of loanDepot in the fourth quarter valued at approximately $33,000. Wilshire Advisors LLC increased its stake in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock worth $33,000 after acquiring an additional 7,899 shares during the last quarter. Invesco Ltd. acquired a new stake in loanDepot during the first quarter worth $44,000. Los Angeles Capital Management LLC acquired a new stake in loanDepot during the second quarter worth $46,000. Finally, Vanguard Personalized Indexing Management LLC increased its stake in loanDepot by 130.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,272 shares of the company’s stock worth $47,000 after acquiring an additional 21,091 shares during the last quarter. Institutional investors and hedge funds 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.