Anthony Li Hsieh Sells 1,110,454 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• loanDepot CEO Anthony Li Hsieh sold a total of 1,110,454 shares on September 4th for $2,409,685.18, reducing his ownership by 12.55%.
• The company's stock recently traded at $3.83, with a 52-week price range of $1.01 to $4.03, and a market capitalization of $1.27 billion.
• Analysts have mixed views on loanDepot, with one firm lowering its rating to "sell" and others maintaining a "neutral" outlook with an average target price of $2.30.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 1,110,454 shares of the firm's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $2.17, for a total value of $2,409,685.18. Following the completion of the sale, the chief executive officer owned 7,739,717 shares in the company, valued at approximately $16,795,185.89. This represents a 12.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total value of $8,041,453.20.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total value of $443,265.90.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The stock was sold at an average price of $2.10, for a total value of $443,265.90.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total value of $507,500.00.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total value of $507,500.00.
• On Wednesday, August 27th, Anthony Li Hsieh sold 807,385 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total value of $1,663,213.10.
• On Tuesday, August 26th, Anthony Li Hsieh sold 173,124 shares of loanDepot stock. The stock was sold at an average price of $2.02, for a total value of $349,710.48.
• On Monday, August 25th, Anthony Li Hsieh sold 1,017,198 shares of loanDepot stock. The stock was sold at an average price of $2.04, for a total value of $2,075,083.92.
• On Friday, August 22nd, Anthony Li Hsieh sold 1,184,108 shares of loanDepot stock. The stock was sold at an average price of $2.04, for a total value of $2,415,580.32.
• On Wednesday, August 20th, Anthony Li Hsieh sold 243 shares of loanDepot stock. The stock was sold at an average price of $2.00, for a total value of $486.00.

loanDepot Stock Performance

LDI traded up $0.94 during trading on Monday, reaching $3.83. The company's stock had a trading volume of 46,940,641 shares, compared to its average volume of 1,755,414. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $4.03. The company's fifty day moving average price is $1.79 and its 200-day moving average price is $1.47. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -11.62 and a beta of 3.37. The company has a debt-to-equity ratio of 6.71, a quick ratio of 1.18 and a current ratio of 1.18.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Wall Street Zen lowered loanDepot from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. UBS Group lifted their price objective on loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, BTIG Research assumed coverage on loanDepot in a report on Monday, August 18th. They issued a "neutral" rating on the stock. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, loanDepot has an average rating of "Reduce" and an average target price of $2.30.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Wilshire Advisors LLC raised its position in shares of loanDepot by 39.8% during the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock worth $33,000 after purchasing an additional 7,899 shares during the last quarter. Cetera Investment Advisers raised its position in shares of loanDepot by 11.8% during the 4th quarter. Cetera Investment Advisers now owns 103,148 shares of the company's stock worth $210,000 after purchasing an additional 10,846 shares during the last quarter. Capstone Financial Advisors Inc. raised its position in shares of loanDepot by 60.0% during the 1st quarter. Capstone Financial Advisors Inc. now owns 40,000 shares of the company's stock worth $48,000 after purchasing an additional 15,000 shares during the last quarter. Alpine Global Management LLC acquired a new position in shares of loanDepot during the 4th quarter worth approximately $33,000. Finally, Northern Trust Corp raised its holdings in loanDepot by 11.4% in the 4th quarter. Northern Trust Corp now owns 157,130 shares of the company's stock valued at $321,000 after acquiring an additional 16,033 shares during the last quarter. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.

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