Anthony Li Hsieh Sells 81,604 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• CEO Anthony Li Hsieh sold 81,604 shares of loanDepot, Inc. on August 15th at an average price of $2.01, resulting in a total transaction of $164,024.04.
• LoanDepot's stock has a 52-week low of $1.01 and a high of $3.23, trading currently around $1.88.
• Institutional investors hold 39.39% of loanDepot's stock, with several hedge funds recently acquiring new stakes in the company.

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 81,604 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.01, for a total transaction of $164,024.04. Following the sale, the chief executive officer directly owned 8,782,465 shares in the company, valued at approximately $17,652,754.65. This represents a 0.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Wednesday, August 20th, Anthony Li Hsieh sold 243 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $486.00.
• 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.
• On Tuesday, July 22nd, Anthony Li Hsieh sold 121,597 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $243,194.00.
• On Monday, July 21st, Anthony Li Hsieh sold 672,865 shares of loanDepot stock. The shares were sold at an average price of $2.02, for a total transaction of $1,359,187.30.
• On Friday, July 18th, Anthony Li Hsieh sold 9,153 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $18,306.00.

loanDepot Stock Performance

Shares of LDI stock traded up $0.1350 during trading hours on Friday, hitting $2.0150. The company's stock had a trading volume of 7,056,764 shares, compared to its average volume of 1,638,641. The company has a 50 day moving average of $1.63 and a 200 day moving average of $1.44. The stock has a market cap of $666.82 million, a PE ratio of -6.11 and a beta of 3.35. 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 12-month low of $1.01 and a 12-month high of $3.2250.

Analyst Ratings Changes

Several analysts have recently commented on LDI shares. Wall Street Zen downgraded shares of loanDepot from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. BTIG Research started coverage on shares of loanDepot in a report on Monday, August 18th. They issued a "neutral" rating on the stock. Finally, UBS Group upped their price objective on shares of loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a report on Wednesday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, loanDepot presently has an average rating of "Reduce" and an average price target of $2.30.

Hedge Funds Weigh In On loanDepot

Several large investors have recently made changes to their positions in LDI. Aquatic Capital Management LLC acquired a new position in shares of loanDepot in the 4th quarter valued at $30,000. Alpine Global Management LLC acquired a new position in shares of loanDepot in the 4th quarter valued at $33,000. Wilshire Advisors LLC lifted its stake in shares of loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock valued at $33,000 after purchasing an additional 7,899 shares during the period. Boothbay Fund Management LLC acquired a new position in shares of loanDepot in the 4th quarter valued at $41,000. Finally, Invesco Ltd. acquired a new position in loanDepot during the first quarter worth $44,000. 39.39% of the stock is currently owned by institutional investors and hedge funds.

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.