Insider Selling: loanDepot (NYSE:LDI) Insider Sells 11,757 Shares of Stock

Key Points

• Insider Jeff Alexander Walsh sold 11,757 shares of loanDepot stock on August 15th, at an average price of $2.00, totaling $23,514.
• Following the latest sale, Walsh's remaining ownership in loanDepot is 4,071,502 shares, which represents a 0.29% decrease in his stake in the company.
• Analysts have mixed ratings on loanDepot, with UBS Group raising their target price to $1.40 while Wall Street Zen downgraded the stock from "hold" to "sell."

loanDepot, Inc. (NYSE:LDI - Get Free Report) insider Jeff Alexander Walsh sold 11,757 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $2.00, for a total value of $23,514.00. Following the sale, the insider directly owned 4,071,502 shares of the company's stock, valued at $8,143,004. The trade was a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Jeff Alexander Walsh also recently made the following trade(s):

• On Tuesday, July 22nd, Jeff Alexander Walsh sold 37,514 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $75,028.00.
• On Monday, July 21st, Jeff Alexander Walsh sold 70,000 shares of loanDepot stock. The shares were sold at an average price of $2.01, for a total value of $140,700.00.
• On Friday, July 18th, Jeff Alexander Walsh sold 3,957 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total value of $7,914.00.

loanDepot Stock Up 7.2%

Shares of LDI traded up $0.1350 during midday trading on Friday, hitting $2.0150. The company had a trading volume of 7,056,764 shares, compared to its average volume of 1,638,641. The company's 50-day simple moving average is $1.63 and its 200-day simple moving average is $1.44. The company has a debt-to-equity ratio of 6.71, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $666.82 million, a P/E ratio of -6.11 and a beta of 3.35. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $3.2250.

Analysts Set New Price Targets

Several research firms recently weighed in on LDI. Wall Street Zen cut loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday, August 16th. UBS Group boosted their target price on loanDepot from $1.40 to $1.90 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, BTIG Research began coverage on loanDepot in a research note on Monday. They set a "neutral" rating for the company. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, loanDepot presently has an average rating of "Reduce" and a consensus price target of $2.30.

Institutional Investors Weigh In On loanDepot

Institutional investors have recently added to or reduced their stakes in the business. Philosophy Capital Management LLC increased its position in loanDepot by 73.3% during the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company's stock worth $4,928,000 after buying an additional 1,751,245 shares during the period. Knightsbridge Asset Management LLC increased its position in loanDepot by 0.6% during the first quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company's stock worth $3,696,000 after buying an additional 17,763 shares during the period. Geode Capital Management LLC increased its position in loanDepot by 134.4% during the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company's stock worth $2,446,000 after buying an additional 1,104,021 shares during the period. Philadelphia Financial Management of San Francisco LLC acquired a new position in loanDepot during the first quarter worth approximately $1,469,000. Finally, Wolverine Asset Management LLC increased its position in loanDepot by 15.6% during the second quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company's stock worth $1,497,000 after buying an additional 158,739 shares during the period. Hedge funds and other institutional investors own 39.39% of the company's stock.

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.