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 business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $2.17, for a total transaction of $2,409,685.18. Following the transaction, the chief executive officer owned 7,739,717 shares in the company, valued at $16,795,185.89. This represents a 12.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $4.10, for a total transaction of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The stock was sold at an average price of $3.25, for a total transaction of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The stock was sold at an average price of $2.64, for a total transaction of $8,041,453.20.
• 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,663,213.10.
• On Tuesday, August 26th, Anthony Li Hsieh sold 173,124 shares of loanDepot stock. The shares were sold at an average price of $2.02, for a total transaction of $349,710.48.
• On Monday, August 25th, Anthony Li Hsieh sold 1,017,198 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total transaction of $2,075,083.92.

loanDepot Stock Performance

LDI traded up $0.04 on Friday, reaching $4.28. The company had a trading volume of 22,187,121 shares, compared to its average volume of 9,735,090. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $4.51. The stock has a market cap of $1.41 billion, a P/E ratio of -12.95 and a beta of 3.38. The company's fifty day moving average is $2.04 and its 200 day moving average is $1.55. 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 research analysts recently commented on the stock. Wall Street Zen lowered shares of loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. BTIG Research reiterated a "neutral" rating on shares of loanDepot in a research note on Wednesday. Finally, UBS Group upped their price target on shares of loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $2.30.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Alpine Global Management LLC acquired a new position in shares of loanDepot during the 4th quarter worth approximately $33,000. Wilshire Advisors LLC boosted 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 acquiring an additional 7,899 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of loanDepot during the 1st quarter worth approximately $44,000. Los Angeles Capital Management LLC acquired a new stake in shares of loanDepot during the 2nd quarter worth approximately $46,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in shares of loanDepot by 130.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 37,272 shares of the company's stock worth $47,000 after acquiring an additional 21,091 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.

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.