loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $2.87, for a total transaction of $3,731,000.00. The sale 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 Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00.
- On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $4.10, for a total value of $5,330,000.00.
- On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The stock was sold at an average price of $3.25, for a total value of $6,642,064.00.
- On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total value of $8,041,453.20.
- On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total value of $2,409,685.18.
- 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 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 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 transaction of $507,500.00.
- On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total transaction 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.
loanDepot Trading Down 3.8%
Shares of LDI stock traded down $0.12 during trading hours on Thursday, hitting $3.01. The company had a trading volume of 5,828,362 shares, compared to its average volume of 3,462,105. The company has a debt-to-equity ratio of 6.71, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $996.09 million, a PE ratio of -9.12 and a beta of 3.45. The company's fifty day moving average is $2.81 and its 200 day moving average is $1.85. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded loanDepot from a "sell" rating to a "hold" rating in a report on Saturday, October 11th. UBS Group boosted their price target on shares of loanDepot from $1.90 to $3.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. BTIG Research reissued a "neutral" rating on shares of loanDepot in a research report on Wednesday, September 10th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of loanDepot in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $2.85.
Get Our Latest Stock Report on loanDepot
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in LDI. CWM LLC purchased a new stake in shares of loanDepot during the 3rd quarter worth $32,000. Voya Investment Management LLC acquired a new stake in loanDepot in the third quarter valued at $43,000. Wilshire Advisors LLC lifted its holdings in loanDepot by 39.8% during the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company's stock worth $33,000 after buying an additional 7,899 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of loanDepot during the 2nd quarter worth about $46,000. Finally, Invesco Ltd. purchased a new stake in loanDepot during the first quarter worth approximately $44,000. Institutional investors and hedge funds own 39.39% of the company's stock.
About loanDepot
(
Get Free Report)
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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