loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 242,355 Shares

Posted by Lars Charter on Oct 17th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 242,355 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $2.04, for a total transaction of $494,404.20. Following the sale, the director now directly owns 3,154,253 shares in the company, valued at $6,434,676.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total transaction of $38,740.36.
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 transaction of $26,062.37.
On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The stock was sold at an average price of $2.32, for a total value of $1,113,804.16.
On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total value of $69,836.76.
On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The stock was sold at an average price of $2.44, for a total value of $584,938.76.
On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The shares were sold at an average price of $2.65, for a total transaction of $163,629.55.
On Wednesday, August 28th, Anthony Li Hsieh sold 152,794 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $438,518.78.
On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The shares were sold at an average price of $2.97, for a total transaction of $1,898,382.42.
On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The stock was sold at an average price of $2.74, for a total transaction of $734,243.28.
On Friday, August 16th, Anthony Li Hsieh sold 268,689 shares of loanDepot stock. The shares were sold at an average price of $2.88, for a total transaction of $773,824.32.

loanDepot Stock Up 8.3 %

Shares of NYSE LDI traded up $0.17 during trading on Wednesday, hitting $2.21. 764,523 shares of the company traded hands, compared to its average volume of 564,077. The firm has a market capitalization of $715.13 million, a price-to-earnings ratio of -3.88 and a beta of 3.43. The business’s fifty day moving average is $2.59 and its 200 day moving average is $2.25. The company has a debt-to-equity ratio of 4.69, a quick ratio of 1.18 and a current ratio of 1.18. loanDepot, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.71.

loanDepot (NYSE:LDI – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.03. The business had revenue of $265.39 million for the quarter, compared to the consensus estimate of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. Equities research analysts predict that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LDI. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st. UBS Group boosted their price target on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group raised their price objective on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th.

Check Out Our Latest Stock Report on LDI

Hedge Funds Weigh In On loanDepot

Institutional investors have recently modified their holdings of the company. Park Avenue Securities LLC acquired a new stake in loanDepot in the 3rd quarter valued at $27,000. American Century Companies Inc. grew its holdings in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after buying an additional 19,655 shares during the last quarter. Requisite Capital Management LLC bought a new stake in shares of loanDepot during the third quarter worth about $164,000. ERn Financial LLC acquired a new stake in shares of loanDepot in the 3rd quarter worth about $248,000. Finally, Cetera Advisors LLC lifted its position in loanDepot by 66.3% in the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after acquiring an additional 45,173 shares in the last quarter. 39.39% of the stock is owned by institutional investors and hedge funds.

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.