Insider Selling: loanDepot, Inc. (NYSE:LDI) CEO Sells 9,153 Shares of Stock

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 9,153 shares of the business's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $2.00, for a total transaction of $18,306.00. Following the transaction, the chief executive officer owned 10,134,559 shares of the company's stock, valued at $20,269,118. This represents a 0.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• 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.

loanDepot Stock Performance

NYSE LDI traded down $0.20 on Thursday, reaching $1.81. 2,556,257 shares of the company's stock traded hands, compared to its average volume of 1,109,004. The firm has a market cap of $595.49 million, a price-to-earnings ratio of -4.01 and a beta of 3.33. The stock has a 50 day moving average price of $1.39 and a 200-day moving average price of $1.43. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $3.22. The company has a debt-to-equity ratio of 6.48, a quick ratio of 1.18 and a current ratio of 1.18.

loanDepot (NYSE:LDI - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). The firm had revenue of $273.62 million during the quarter, compared to analyst estimates of $275.11 million. loanDepot had a negative return on equity of 18.41% and a negative net margin of 7.74%. Equities research analysts predict that loanDepot, Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, UBS Group set a $1.40 target price on shares of loanDepot and gave the company a "neutral" rating in a research report on Wednesday, July 16th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Philosophy Capital Management LLC raised its position in shares of loanDepot by 73.3% in the first 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 period. Knightsbridge Asset Management LLC raised its position 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 acquiring an additional 17,763 shares during the period. Cannell & Spears LLC raised its position in shares of loanDepot by 301.3% in the fourth quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company's stock worth $2,640,000 after acquiring an additional 971,700 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of loanDepot in the first quarter worth about $1,469,000. Finally, Barclays PLC raised its position in shares of loanDepot by 25.1% in the fourth quarter. Barclays PLC now owns 998,259 shares of the company's stock worth $2,036,000 after acquiring an additional 200,000 shares during the period. 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.