Anthony Li Hsieh Sells 211,079 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• CEO Anthony Li Hsieh sold 211,079 shares of loanDepot stock at an average price of $2.10, totaling approximately $443,266, reducing his ownership by 2.26%.
• loanDepot's stock is currently down 7.7%, trading at $1.98, with a significant market capitalization of $653.59 million.
• Analysts have issued mixed ratings on loanDepot, with recent downgrades and an average price target of $2.30, reflecting a cautious outlook on the stock.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 211,079 shares of the stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $2.10, for a total value of $443,265.90. Following the completion of the transaction, the chief executive officer owned 9,139,328 shares in the company, valued at $19,192,588.80. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $2.04, for a total transaction 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 transaction 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.
• On Friday, August 15th, Anthony Li Hsieh sold 81,604 shares of loanDepot stock. The stock was sold at an average price of $2.01, for a total value of $164,024.04.
• On Wednesday, July 23rd, Anthony Li Hsieh sold 267,326 shares of loanDepot stock. The shares were sold at an average price of $2.01, for a total transaction of $537,325.26.

loanDepot Stock Down 7.7%

Shares of NYSE LDI traded down $0.17 during midday trading on Tuesday, reaching $1.98. The company's stock had a trading volume of 2,358,725 shares, compared to its average volume of 1,268,530. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.71. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.22. The stock has a market capitalization of $653.59 million, a price-to-earnings ratio of -5.98 and a beta of 3.37. The stock has a 50 day simple moving average of $1.71 and a 200-day simple moving average of $1.46.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Philosophy Capital Management LLC boosted its stake in shares of loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company's stock worth $4,928,000 after acquiring an additional 1,751,245 shares during the last quarter. Knightsbridge Asset Management LLC lifted its holdings in shares of loanDepot by 0.6% in the first quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company's stock worth $3,696,000 after buying an additional 17,763 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of loanDepot by 134.4% in the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company's stock worth $2,446,000 after buying an additional 1,104,021 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC purchased a new position in shares of loanDepot in the first quarter worth $1,469,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of loanDepot by 15.6% in the second quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company's stock worth $1,497,000 after buying an additional 158,739 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company's stock.

Analyst Ratings Changes

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

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.

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