Anthony Li Hsieh Sells 250,000 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• CEO Anthony Li Hsieh sold 250,000 shares of loanDepot stock at an average price of $2.03, totaling approximately $507,500, decreasing his ownership by 2.60%.
• On August 29th, Hsieh sold an additional 211,079 shares at $2.10, further indicating significant insider selling activity.
• loanDepot's stock is currently trading at $1.98, down from a twelve-month high of $3.22, with analysts giving it a consensus rating of "Reduce."

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 250,000 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $2.03, for a total transaction of $507,500.00. Following the sale, the chief executive officer owned 9,350,407 shares of the company's stock, valued at approximately $18,981,326.21. This represents a 2.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 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 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 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 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.
• On Friday, August 22nd, Anthony Li Hsieh sold 1,184,108 shares of loanDepot stock. The shares were 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 transaction 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 stock was sold at an average price of $2.01, for a total value of $537,325.26.

loanDepot Price Performance

LDI stock traded down $0.17 during trading on Tuesday, hitting $1.98. The stock had a trading volume of 2,358,725 shares, compared to its average volume of 1,268,530. The company has a debt-to-equity ratio of 6.71, a current ratio of 1.18 and a quick ratio of 1.18. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $3.22. The stock has a market capitalization of $653.59 million, a P/E ratio of -5.98 and a beta of 3.37. The company's 50-day moving average price is $1.71 and its two-hundred day moving average price is $1.46.

Institutional Trading of loanDepot

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC raised its stake in shares of loanDepot by 167.1% in the 4th quarter. Millennium Management LLC now owns 650,987 shares of the company's stock worth $1,328,000 after buying an additional 407,299 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of loanDepot in the 4th quarter worth $1,691,000. Two Sigma Investments LP raised its stake in shares of loanDepot by 345.6% in the 4th quarter. Two Sigma Investments LP now owns 131,098 shares of the company's stock worth $267,000 after buying an additional 101,677 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of loanDepot by 169.5% during the 4th quarter. Squarepoint Ops LLC now owns 37,764 shares of the company's stock valued at $77,000 after acquiring an additional 23,752 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of loanDepot by 83.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 344,705 shares of the company's stock valued at $703,000 after acquiring an additional 157,274 shares during the last quarter. Institutional investors own 39.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen lowered loanDepot from a "hold" rating to a "sell" rating in a research report on Saturday, August 16th. BTIG Research started coverage on loanDepot in a report on Monday, August 18th. They set a "neutral" rating for the company. Finally, UBS Group lifted their target price on shares of loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price 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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