loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 58,063 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 58,063 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $1.84, for a total transaction of $106,835.92. Following the transaction, the director now owns 2,279,646 shares in the company, valued at $4,194,548.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, June 10th, Anthony Li Hsieh sold 162,596 shares of loanDepot stock. The stock was sold at an average price of $1.99, for a total transaction of $323,566.04.
• On Tuesday, June 4th, Anthony Li Hsieh sold 43,281 shares of loanDepot stock. The stock was sold at an average price of $1.81, for a total transaction of $78,338.61.
• On Thursday, May 30th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $1.81, for a total transaction of $90,500.00.
• On Tuesday, May 28th, Anthony Li Hsieh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $1.86, for a total transaction of $93,000.00.
• On Friday, May 24th, Anthony Li Hsieh sold 76,210 shares of loanDepot stock. The stock was sold at an average price of $1.98, for a total transaction of $150,895.80.
• On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $78,163.12.
• On Friday, May 17th, Anthony Li Hsieh sold 198,866 shares of loanDepot stock. The shares were sold at an average price of $2.20, for a total transaction of $437,505.20.

loanDepot Stock Down 0.8 %

Shares of LDI stock opened at $1.79 on Tuesday. The firm has a fifty day moving average of $2.15 and a 200-day moving average of $2.50. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 4.80. loanDepot, Inc. has a 12-month low of $1.14 and a 12-month high of $3.71. The company has a market capitalization of $577.61 million, a price-to-earnings ratio of -3.13 and a beta of 3.44.

loanDepot (NYSE:LDI) last issued its quarterly earnings data on Tuesday, May 7th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.15). loanDepot had a negative return on equity of 19.52% and a negative net margin of 10.26%. The company had revenue of $222.79 million for the quarter, compared to the consensus estimate of $232.65 million. As a group, equities research analysts predict that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered their target price on shares of loanDepot from $3.00 to $2.50 and set a “sell” rating for the company in a research note on Wednesday, March 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Cannell Capital LLC lifted its stake in loanDepot by 19.5% in the third quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock valued at $9,282,000 after acquiring an additional 879,650 shares during the last quarter. Knightsbridge Asset Management LLC lifted its stake in loanDepot by 6.6% in the third quarter. Knightsbridge Asset Management LLC now owns 2,800,039 shares of the company’s stock valued at $4,816,000 after acquiring an additional 172,802 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in loanDepot by 58.8% in the fourth quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock valued at $3,773,000 after acquiring an additional 397,095 shares during the last quarter. CastleKnight Management LP acquired a new stake in loanDepot in the fourth quarter valued at $1,644,000. Finally, G2 Investment Partners Management LLC acquired a new stake in loanDepot in the fourth quarter valued at $792,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

loanDepot Company Profile

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.