Jeff Alexander Walsh Sells 70,000 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• Jeff Alexander Walsh, an insider at loanDepot, sold 70,000 shares at an average price of $2.03, totaling approximately $142,100, which reduced his ownership by 1.72%.
• Following the sale, Walsh's remaining shares are valued at over $8 million, indicating significant personal investment in the company.
• LoanDepot's shares recently traded at $1.98, with a market capitalization of $653.59 million and an average target price from analysts set at $2.30.

loanDepot, Inc. (NYSE:LDI - Get Free Report) insider Jeff Alexander Walsh sold 70,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $2.03, for a total transaction of $142,100.00. Following the completion of the transaction, the insider directly owned 4,001,502 shares of the company's stock, valued at $8,123,049.06. The trade was a 1.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, August 28th, Jeff Alexander Walsh sold 70,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $142,100.00.
• On Friday, August 15th, Jeff Alexander Walsh sold 11,757 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $23,514.00.
• On Tuesday, July 22nd, Jeff Alexander Walsh sold 37,514 shares of loanDepot stock. The stock was 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 stock was 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 stock was sold at an average price of $2.00, for a total value of $7,914.00.

loanDepot Stock Performance

Shares of loanDepot stock traded down $0.17 on Tuesday, reaching $1.98. 2,358,725 shares of the stock were exchanged, compared to its average volume of 1,268,530. 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 twelve month low of $1.01 and a twelve month high of $3.22. The firm has a market capitalization of $653.59 million, a price-to-earnings ratio of -5.98 and a beta of 3.37. The business has a 50 day moving average price of $1.71 and a two-hundred day moving average price of $1.46.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on LDI shares. UBS Group lifted their target price on loanDepot from $1.40 to $1.90 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Wall Street Zen downgraded loanDepot from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Finally, BTIG Research initiated coverage on loanDepot in a report on Monday, August 18th. They set a "neutral" rating for the company. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $2.30.

Hedge Funds Weigh In On loanDepot

Large investors have recently modified their holdings of the business. Aquatic Capital Management LLC acquired a new position in shares of loanDepot in the 4th quarter valued at $30,000. Alpine Global Management LLC purchased a new stake in shares of loanDepot in the 4th quarter valued at $33,000. Boothbay Fund Management LLC purchased a new stake in shares of loanDepot in the 4th quarter valued at $41,000. Wilshire Advisors LLC raised its holdings in shares of 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 period. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of loanDepot in the 2nd quarter valued at $46,000. Institutional investors and hedge funds 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.

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