Anthony Li Hsieh Sells 106,784 Shares of loanDepot, Inc. (NYSE:LDI) Stock

by · The Markets Daily

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 106,784 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $2.17, for a total value of $231,721.28. Following the sale, the director now owns 3,560,584 shares of the company’s stock, valued at approximately $7,726,467.28. This trade represents a 2.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The shares were sold at an average price of $2.25, for a total value of $290,691.00.
  • On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total value of $195,780.78.
  • On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value of $368,101.44.
  • On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total value of $538,953.08.
  • On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total value of $38,740.36.
  • On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The stock was sold at an average price of $2.04, for a total value of $494,404.20.
  • On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The stock was sold at an average price of $2.57, for a total value of $26,062.37.

loanDepot Trading Down 0.7 %

Shares of LDI stock traded down $0.02 on Wednesday, reaching $2.13. 471,652 shares of the company’s stock were exchanged, compared to its average volume of 609,065. loanDepot, Inc. has a 52 week low of $1.52 and a 52 week high of $3.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. The stock has a market capitalization of $694.88 million, a PE ratio of -4.11 and a beta of 3.42. The company’s fifty day simple moving average is $2.29 and its 200 day simple moving average is $2.24.

Institutional Trading of loanDepot

A number of institutional investors have recently made changes to their positions in LDI. Wolverine Asset Management LLC lifted its position in loanDepot by 6.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after acquiring an additional 57,546 shares during the period. Barclays PLC acquired a new position in shares of loanDepot in the 3rd quarter valued at about $2,180,000. Geode Capital Management LLC lifted its holdings in shares of loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after buying an additional 125,059 shares during the period. Walleye Capital LLC purchased a new position in shares of loanDepot in the 3rd quarter valued at about $897,000. Finally, Empowered Funds LLC increased its stake in shares of loanDepot by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company’s stock valued at $638,000 after purchasing an additional 11,792 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. The Goldman Sachs Group increased their target price on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th. UBS Group increased their target price on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

View Our Latest Report on LDI

loanDepot Company Profile

(Get Free Report)

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.

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