Anthony Li Hsieh Sells 81,604 Shares of loanDepot, Inc. (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 on Friday, August 15th. The shares were 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 trade represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 stock was 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 stock was sold at an average price of $2.00, for a total transaction of $18,306.00.

loanDepot Stock Performance

LDI stock traded down $0.10 during mid-day trading on Monday, reaching $1.88. 1,805,875 shares of the stock traded hands, compared to its average volume of 2,008,079. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 6.71. loanDepot, Inc. has a 52 week low of $1.01 and a 52 week high of $3.23. The business has a 50-day moving average of $1.58 and a two-hundred day moving average of $1.43.

Institutional Investors Weigh In On loanDepot

A number of hedge funds have recently bought and sold shares of LDI. Aquatic Capital Management LLC bought a new stake in loanDepot during the fourth quarter valued at about $30,000. Alpine Global Management LLC bought a new stake in loanDepot during the fourth quarter valued at about $33,000. Wilshire Advisors LLC boosted its holdings in loanDepot by 39.8% during the first quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock valued at $33,000 after acquiring an additional 7,899 shares during the period. Boothbay Fund Management LLC bought a new stake in loanDepot during the fourth quarter valued at about $41,000. Finally, Invesco Ltd. bought a new stake in shares of loanDepot in the first quarter valued at about $44,000. 39.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LDI has been the topic of a number of research reports. Wall Street Zen downgraded shares of loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday. UBS Group increased their target price on shares of loanDepot from $1.25 to $1.40 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th.

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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