loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 444,618 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 444,618 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the transaction, the director now owns 2,479,960 shares in the company, valued at $5,232,715.60. This represents a 15.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, December 12th, Anthony Li Hsieh sold 126,927 shares of loanDepot stock. The shares were sold at an average price of $2.12, for a total value of $269,085.24.
• On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total transaction of $231,721.28.
• 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 transaction of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were 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 shares were 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 transaction 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.

loanDepot Price Performance

LDI opened at $2.12 on Tuesday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. The stock has a fifty day moving average price of $2.25 and a 200 day moving average price of $2.25. The stock has a market cap of $691.61 million, a price-to-earnings ratio of -4.07 and a beta of 3.42.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th. UBS Group raised 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.

Institutional Investors Weigh In On loanDepot

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in loanDepot by 21.0% during the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after acquiring an additional 125,059 shares in the last quarter. Barclays PLC acquired a new position in shares of loanDepot during the 3rd quarter worth $2,180,000. Jane Street Group LLC bought a new position in shares of loanDepot during the 3rd quarter valued at $54,000. Quadrature Capital Ltd lifted its stake in shares of loanDepot by 153.8% in the 3rd quarter. Quadrature Capital Ltd now owns 84,531 shares of the company’s stock valued at $230,000 after purchasing an additional 51,231 shares during the last quarter. Finally, Verition Fund Management LLC boosted its holdings in loanDepot by 293.5% in the third quarter. Verition Fund Management LLC now owns 56,000 shares of the company’s stock worth $153,000 after purchasing an additional 41,767 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.