loanDepot (NYSE:LDI) CEO Sells $706,187.91 in Stock

by · The Cerbat Gem

loanDepot, Inc. (NYSE:LDI – Get Free Report) CEO Anthony Li Hsieh sold 308,379 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $2.29, for a total value of $706,187.91. Following the transaction, the chief executive officer owned 441,262 shares in the company, valued at $1,010,489.98. The trade was a 41.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 stock was sold at an average price of $2.28, for a total value of $496,524.72.
  • On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $518,492.16.
  • On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were 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 transaction of $648,024.99.
  • On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35.
  • On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total transaction 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 transaction 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 shares were 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%

NYSE LDI traded down $0.06 during midday trading on Friday, hitting $2.25. 4,381,503 shares of the company traded hands, compared to its average volume of 3,686,546. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $5.05. The company’s 50-day simple moving average is $2.84 and its 200-day simple moving average is $2.38. The company has a market cap of $749.78 million, a PE ratio of -6.25 and a beta of 3.45. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19.

loanDepot (NYSE:LDI – Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The firm had revenue of $325.16 million during the quarter, compared to analyst estimates of $309.20 million. As a group, equities research analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Institutional Trading of loanDepot

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on LDI. Weiss Ratings reiterated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. BTIG Research reaffirmed a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Morgan Stanley set a $1.75 price objective on loanDepot in a research report on Monday, December 1st. UBS Group boosted their target price on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Finally, Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $2.58.

Check Out Our Latest Research Report on loanDepot

About loanDepot

(Get Free Report)

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.

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