loanDepot (NYSE:LDI) CEO Anthony Li Hsieh Sells 1,184,108 Shares of Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 1,184,108 shares of loanDepot stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $2.04, for a total value of $2,415,580.32. Following the sale, the chief executive officer directly owned 11,598,114 shares of the company’s stock, valued at approximately $23,660,152.56. The trade was a 9.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• 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 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.
• On Friday, August 15th, Anthony Li Hsieh sold 81,604 shares of loanDepot stock. The shares were sold at an average price of $2.01, for a total value of $164,024.04.
• On Wednesday, July 23rd, Anthony Li Hsieh sold 267,326 shares of loanDepot stock. The shares were sold at an average price of $2.01, for a total value of $537,325.26.
• On Tuesday, July 22nd, Anthony Li Hsieh sold 121,597 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $243,194.00.
• On Monday, July 21st, Anthony Li Hsieh sold 672,865 shares of loanDepot stock. The shares were sold at an average price of $2.02, for a total value of $1,359,187.30.
• On Friday, July 18th, Anthony Li Hsieh sold 9,153 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $18,306.00.

loanDepot Price Performance

LDI opened at $2.03 on Wednesday. The stock has a market cap of $673.11 million, a price-to-earnings ratio of -6.16 and a beta of 3.35. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $3.22. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.71. The stock has a fifty day moving average price of $1.66 and a 200 day moving average price of $1.44.

Hedge Funds Weigh In On loanDepot

Several large investors have recently made changes to their positions in the business. Philosophy Capital Management LLC lifted its position in shares of loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock worth $4,928,000 after purchasing an additional 1,751,245 shares during the last quarter. Knightsbridge Asset Management LLC lifted its position in shares of loanDepot by 0.6% during the 1st quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company’s stock worth $3,696,000 after purchasing an additional 17,763 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of loanDepot by 134.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,104,021 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of loanDepot during the 1st quarter worth about $1,469,000. Finally, Wolverine Asset Management LLC lifted its position in shares of loanDepot by 15.6% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company’s stock worth $1,497,000 after purchasing an additional 158,739 shares during the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

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

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.