loanDepot (NYSE:LDI) CEO Sells $518,492.16 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 223,488 shares of the stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $2.32, for a total transaction of $518,492.16. Following the transaction, the chief executive officer owned 217,774 shares in the company, valued at approximately $505,235.68. This trade represents a 50.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total transaction of $496,524.72.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The shares were sold at an average price of $2.29, for a total value of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total value of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The stock was sold at an average price of $2.49, for a total value of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were sold at an average price of $2.69, for a total value of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The stock was sold at an average price of $2.67, for a total value of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were sold at an average price of $2.81, for a total value of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total transaction of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total transaction of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $2,009,000.00.

loanDepot Stock Down 2.6%

Shares of LDI stock opened at $2.25 on Monday. loanDepot, Inc. has a 12 month low of $1.01 and a 12 month high of $5.05. The stock has a market cap of $749.78 million, a P/E ratio of -6.25 and a beta of 3.45. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. The company has a 50 day simple moving average of $2.83 and a two-hundred day simple moving average of $2.40.

loanDepot (NYSE:LDI) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. The business had revenue of $325.16 million for the quarter, compared to analysts’ expectations of $309.20 million. On average, research analysts expect that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group upped their price target on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. The Goldman Sachs Group increased their target price on shares of loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Morgan Stanley set a $1.75 price target on shares of loanDepot in a research report on Monday, December 1st. Finally, BTIG Research reissued a “neutral” rating on shares of loanDepot in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $2.58.

Institutional Investors Weigh In On loanDepot

Several institutional investors and hedge funds have recently modified their holdings of LDI. Charles Schwab Investment Management Inc. grew its stake in loanDepot by 1,671.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company’s stock valued at $780,000 after acquiring an additional 618,153 shares in the last quarter. Invesco Ltd. bought a new position in shares of loanDepot during the 1st quarter valued at about $44,000. Focus Partners Advisor Solutions LLC grew its position in shares of loanDepot by 122.2% during the first quarter. Focus Partners Advisor Solutions LLC now owns 100,000 shares of the company’s stock valued at $119,000 after purchasing an additional 55,000 shares in the last quarter. Philosophy Capital Management LLC grew its position in shares of loanDepot by 73.3% during the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after purchasing an additional 1,751,245 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC bought a new stake in shares of loanDepot in the first quarter worth about $1,469,000. Institutional investors own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.