loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 267,326 shares of the business's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $2.01, for a total value of $537,325.26. Following the sale, the chief executive officer owned 9,072,771 shares in the company, valued at approximately $18,236,269.71. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
Anthony Li Hsieh also recently made the following trade(s):
- 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 value of $243,194.00.
- On Monday, July 21st, Anthony Li Hsieh sold 672,865 shares of loanDepot stock. The stock was sold at an average price of $2.02, for a total value of $1,359,187.30.
- On Friday, July 18th, Anthony Li Hsieh sold 9,153 shares of loanDepot stock. The stock was sold at an average price of $2.00, for a total value of $18,306.00.
loanDepot Price Performance
Shares of NYSE LDI traded down $0.20 during trading on Thursday, reaching $1.81. The company had a trading volume of 2,556,257 shares, compared to its average volume of 1,109,004. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $3.22. The stock has a market capitalization of $595.49 million, a PE ratio of -4.01 and a beta of 3.33. The stock has a 50-day moving average price of $1.39 and a two-hundred day moving average price of $1.43. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 6.48.
loanDepot (NYSE:LDI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.08). loanDepot had a negative return on equity of 18.41% and a negative net margin of 7.74%. The company had revenue of $273.62 million during the quarter, compared to analyst estimates of $275.11 million. As a group, sell-side analysts predict that loanDepot, Inc. will post -0.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, UBS Group set a $1.40 price target on loanDepot and gave the stock a "neutral" rating in a report on Wednesday, July 16th.
Check Out Our Latest Stock Report on LDI
Hedge Funds Weigh In On loanDepot
A number of institutional investors have recently made changes to their positions in LDI. Aquatic Capital Management LLC purchased a new stake in shares of loanDepot in the fourth quarter valued at $30,000. Alpine Global Management LLC purchased a new stake in shares of loanDepot in the fourth quarter valued at $33,000. Boothbay Fund Management LLC purchased a new stake in shares of loanDepot in the fourth quarter valued at $41,000. RPO LLC purchased a new stake in shares of loanDepot in the fourth quarter valued at $55,000. Finally, Quantbot Technologies LP purchased a new stake in shares of loanDepot in the fourth quarter valued at $56,000. 39.39% of the stock is owned by institutional investors and hedge funds.
loanDepot Company Profile
(
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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