Jeff Alexander Walsh Sells 11,757 Shares of loanDepot, Inc. (NYSE:LDI) 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 business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $2.00, for a total value of $23,514.00. Following the transaction, the insider owned 4,071,502 shares of the company's stock, valued at approximately $8,143,004. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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 transaction of $7,914.00.

loanDepot Price Performance

Shares of NYSE LDI traded down $0.10 during mid-day trading on Monday, reaching $1.88. The company had a trading volume of 1,805,875 shares, compared to its average volume of 2,008,079. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $3.23. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.71. The stock's 50 day moving average is $1.58 and its 200-day moving average is $1.43.

Institutional Investors Weigh In On loanDepot

A number of large investors 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 4th quarter valued at approximately $33,000. Wilshire Advisors LLC grew its holdings in 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 buying an additional 7,899 shares during the last quarter. Boothbay Fund Management LLC bought a new position in loanDepot in the 4th quarter worth approximately $41,000. Finally, Invesco Ltd. acquired a new position in shares of loanDepot during the first quarter worth approximately $44,000. 39.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group boosted their target price on shares of loanDepot from $1.25 to $1.40 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of loanDepot from a "hold" rating to a "sell" rating in a research note on Saturday.

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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