Insider Selling: loanDepot, Inc. (NYSE:LDI) Insider Sells 36,811 Shares of Stock

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 36,811 shares of loanDepot stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total value of $97,917.26. Following the transaction, the insider now directly owns 4,035,317 shares of the company’s stock, valued at $10,733,943.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jeff Alexander Walsh also recently made the following trade(s):

• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $2.85, for a total value of $142,500.00.

loanDepot Price Performance

Shares of NYSE:LDI traded down $0.08 on Thursday, hitting $2.65. The company had a trading volume of 577,992 shares, compared to its average volume of 543,623. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The company has a market cap of $857.51 million, a PE ratio of -4.65 and a beta of 3.43. loanDepot, Inc. has a 52-week low of $1.14 and a 52-week high of $3.71. The business has a 50 day moving average of $2.57 and a 200 day moving average of $2.26.

loanDepot (NYSE:LDI) last released its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.03. loanDepot had a negative net margin of 11.22% and a negative return on equity of 18.22%. The company had revenue of $265.39 million for the quarter, compared to analyst estimates of $267.66 million. As a group, equities analysts anticipate that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On loanDepot

Several institutional investors and hedge funds have recently modified their holdings of the company. Park Avenue Securities LLC purchased a new stake in loanDepot in the 3rd quarter worth approximately $27,000. Cullen Capital Management LLC acquired a new stake in shares of loanDepot during the fourth quarter worth $150,000. American Century Companies Inc. grew its position in shares of loanDepot by 27.3% in the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the period. Cetera Advisors LLC increased its stake in loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock valued at $294,000 after purchasing an additional 45,173 shares during the last quarter. Finally, 272 Capital LP lifted its position in loanDepot by 107.4% during the second quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after buying an additional 94,883 shares during the period. Hedge funds and other institutional investors own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

LDI has been the topic of several recent research reports. The Goldman Sachs Group boosted 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. UBS Group upped their price target on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th. Finally, JMP Securities reissued a “market perform” rating on shares of loanDepot in a research note on Friday, June 21st.

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.