loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Anthony Li Hsieh sold 480,088 shares of the business's stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $2.32, for a total value of $1,113,804.16. Following the completion of the sale, the director now owns 2,463,356 shares of the company's stock, valued at $5,714,985.92. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Anthony Li Hsieh also recently made the following trade(s):
- 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 transaction of $69,836.76.
- On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The shares were sold at an average price of $2.44, for a total transaction 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 value 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 value of $438,518.78.
- On Monday, August 26th, Anthony Li Hsieh sold 639,186 shares of loanDepot stock. The stock was sold at an average price of $2.97, for a total value of $1,898,382.42.
- On Monday, August 19th, Anthony Li Hsieh sold 267,972 shares of loanDepot stock. The shares were 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.
- On Friday, June 14th, Anthony Li Hsieh sold 58,063 shares of loanDepot stock. The stock was sold at an average price of $1.84, for a total transaction of $106,835.92.
loanDepot Trading Down 2.1 %
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NYSE LDI opened at $2.28 on Friday. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71. The company's 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.24. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69.
loanDepot (NYSE:LDI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million for the quarter, compared to analysts' expectations of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. On average, analysts anticipate that loanDepot, Inc. will post -0.31 EPS for the current year.
Hedge Funds Weigh In On loanDepot
Several large investors have recently made changes to their positions in LDI. CastleKnight Management LP acquired a new stake in shares of loanDepot during the fourth quarter worth $1,644,000. Jump Financial LLC purchased a new position in shares of loanDepot in the fourth quarter worth approximately $81,000. Cullen Capital Management LLC acquired a new stake in shares of loanDepot during the fourth quarter valued at approximately $150,000. Cetera Advisors LLC lifted its position in shares of 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. Finally, Empowered Funds LLC boosted its stake in loanDepot by 8.2% in the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company's stock worth $533,000 after purchasing an additional 15,565 shares during the period. Institutional investors own 39.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on LDI shares. The Goldman Sachs Group boosted their price objective on loanDepot from $1.50 to $1.70 and gave the stock a "sell" rating in a research report on Thursday, August 8th. UBS Group increased their price target on loanDepot from $2.30 to $2.50 and gave the stock a "neutral" rating in a research note on Thursday, September 5th. Finally, JMP Securities restated a "market perform" rating on shares of loanDepot in a research note on Friday, June 21st.
Get Our Latest Stock Analysis 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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