loanDepot, Inc. (NYSE:LDI) CEO Sells $1,359,187.30 in Stock

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 672,865 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $2.02, for a total transaction of $1,359,187.30. Following the sale, the chief executive officer directly owned 9,461,694 shares in the company, valued at $19,112,621.88. The trade was a 6.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Wednesday, July 23rd, Anthony Li Hsieh sold 267,326 shares of loanDepot stock. The stock was sold at an average price of $2.01, for a total transaction of $537,325.26.
• On Tuesday, July 22nd, Anthony Li Hsieh sold 121,597 shares of loanDepot stock. The stock was sold at an average price of $2.00, for a total transaction of $243,194.00.
• On Friday, July 18th, Anthony Li Hsieh sold 9,153 shares of loanDepot stock. The shares were sold at an average price of $2.00, for a total transaction of $18,306.00.

loanDepot Stock Performance

LDI stock traded down $0.04 during midday trading on Friday, reaching $1.78. 1,874,698 shares of the company's stock traded hands, compared to its average volume of 2,120,424. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $3.23. The stock has a market cap of $585.59 million, a P/E ratio of -3.94 and a beta of 3.33. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.48. The stock's 50-day moving average is $1.42 and its 200 day moving average is $1.43.

loanDepot (NYSE:LDI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). loanDepot had a negative net margin of 7.74% and a negative return on equity of 18.41%. The business had revenue of $273.62 million for the quarter, compared to analysts' expectations of $275.11 million. As a group, analysts anticipate that loanDepot, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On loanDepot

Hedge funds have recently modified their holdings of the company. Millennium Management LLC boosted its position in shares of loanDepot by 167.1% in the fourth quarter. Millennium Management LLC now owns 650,987 shares of the company's stock worth $1,328,000 after purchasing an additional 407,299 shares during the period. Geode Capital Management LLC boosted its position in shares of loanDepot by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 775,097 shares of the company's stock worth $1,582,000 after purchasing an additional 54,350 shares during the period. Cannell & Spears LLC boosted 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 purchasing an additional 971,700 shares during the period. Tidal Investments LLC bought a new position in shares of loanDepot in the fourth quarter worth approximately $1,691,000. Finally, Marshall Wace LLP boosted its position in shares of loanDepot by 132.2% in the fourth quarter. Marshall Wace LLP now owns 465,297 shares of the company's stock worth $949,000 after purchasing an additional 264,928 shares during the period. 39.39% of the stock is currently owned by institutional investors.

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.