loanDepot (NYSE:LDI) CEO Sells $6,223,500.00 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 1,350,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $4.61, for a total transaction of $6,223,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $4.10, for a total transaction of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The shares were sold at an average price of $3.25, for a total transaction of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total transaction of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total transaction of $2,409,685.18.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $349,710.48.

loanDepot Stock Performance

Shares of loanDepot stock opened at $4.09 on Friday. The firm has a fifty day moving average of $2.28 and a two-hundred day moving average of $1.63. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of -12.39 and a beta of 3.38. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $5.05. The company has a debt-to-equity ratio of 6.71, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of loanDepot from $1.40 to $1.90 and gave the company a “neutral” rating in a report on Wednesday, August 20th. BTIG Research reissued a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Finally, Wall Street Zen lowered shares of loanDepot from a “hold” rating to a “sell” rating in a report on Saturday, August 16th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, loanDepot currently has an average rating of “Reduce” and a consensus price target of $2.30.

Hedge Funds Weigh In On loanDepot

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Continental Advisors LLC acquired a new position in loanDepot in the 2nd quarter worth $656,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in loanDepot in the 2nd quarter worth $57,000. Cerity Partners LLC acquired a new position in loanDepot in the 2nd quarter worth $116,000. Invesco Ltd. boosted its stake in loanDepot by 204.1% in the 2nd quarter. Invesco Ltd. now owns 111,245 shares of the company’s stock worth $141,000 after purchasing an additional 74,669 shares during the period. Finally, New York State Common Retirement Fund acquired a new position in loanDepot in the 2nd quarter worth $98,000. 39.39% of the stock is owned by institutional investors and hedge funds.

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.