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

loanDepot, Inc. (NYSE:LDI - Get Free Report) insider Jeff Alexander Walsh sold 70,000 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $2.01, for a total transaction of $140,700.00. Following the transaction, the insider owned 4,140,751 shares of the company's stock, valued at $8,322,909.51. The trade was a 1.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction of $75,028.00.
• 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 Stock Performance

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

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

Institutional Trading of loanDepot

A number of hedge funds have recently modified their holdings of the stock. Aquatic Capital Management LLC bought a new position in loanDepot during the fourth quarter worth about $30,000. Alpine Global Management LLC bought a new position in loanDepot during the fourth quarter worth about $33,000. Boothbay Fund Management LLC bought a new position in loanDepot during the fourth quarter worth about $41,000. RPO LLC bought a new position in loanDepot during the fourth quarter worth about $55,000. Finally, Quantbot Technologies LP bought a new position in loanDepot during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 39.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.