loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Anthony Li Hsieh sold 18,806 shares of the firm's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.06, for a total value of $38,740.36. Following the completion of the transaction, the director now owns 2,927,686 shares in the company, valued at $6,031,033.16. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Anthony Li Hsieh also recently made the following trade(s):
- 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.
- On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The shares were sold at an average price of $2.57, for a total value of $26,062.37.
- On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $1,113,804.16.
- On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The stock was 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 stock was 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 shares were 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 transaction 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 stock was sold at an average price of $2.88, for a total transaction of $773,824.32.
loanDepot Price Performance
Watch this before it gets removed
From Porter & Company | Ad
If you missed it, my emergency election broadcast is now available - but will be removed soon
Click here to watch it now.
Shares of NYSE LDI opened at $2.21 on Thursday. loanDepot, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $3.71. The stock has a market capitalization of $715.13 million, a price-to-earnings ratio of -3.88 and a beta of 3.43. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18 and a quick ratio of 1.18. The business has a 50-day moving average of $2.59 and a 200-day moving average of $2.25.
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, beating analysts' consensus estimates of ($0.10) by $0.03. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. The firm had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. As a group, sell-side analysts predict that loanDepot, Inc. will post -0.31 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the company. The Goldman Sachs Group upped 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 raised their price target on shares of 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 reissued a "market perform" rating on shares of loanDepot in a research report on Friday, June 21st.
Check Out Our Latest Stock Analysis on LDI
Hedge Funds Weigh In On loanDepot
Institutional investors have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company's stock valued at $533,000 after acquiring an additional 15,565 shares during the last quarter. DC Investments Management LLC bought a new stake in shares of loanDepot in the 1st quarter valued at about $559,000. Cetera Advisors LLC raised its holdings 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 purchasing an additional 45,173 shares during the period. Wolverine Asset Management LLC lifted its stake in loanDepot by 6.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company's stock valued at $1,683,000 after purchasing an additional 57,546 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company's stock worth $151,000 after purchasing an additional 19,655 shares during the period. 39.39% of the stock is currently owned by institutional investors and hedge funds.
About loanDepot
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
