Insider Selling: loanDepot, Inc. (NYSE:LDI) Director Sells $437,505.20 in Stock

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 198,866 shares of the firm’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $2.20, for a total value of $437,505.20. Following the sale, the director now directly owns 3,590,891 shares in the company, valued at approximately $7,899,960.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, May 22nd, Anthony Li Hsieh sold 38,504 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total value of $78,163.12.

loanDepot Trading Down 1.0 %

NYSE LDI opened at $2.01 on Friday. The firm has a market cap of $649.41 million, a P/E ratio of -3.53 and a beta of 3.54. The company has a debt-to-equity ratio of 4.80, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50-day moving average is $2.34 and its 200-day moving average is $2.46. loanDepot, Inc. has a one year low of $1.14 and a one year high of $3.71.

loanDepot (NYSE:LDI) last announced its earnings results on Tuesday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.11). loanDepot had a negative net margin of 10.26% and a negative return on equity of 19.52%. The firm had revenue of $228.63 million during the quarter, compared to analyst estimates of $239.40 million. Sell-side analysts anticipate that loanDepot, Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On loanDepot

A number of hedge funds and other institutional investors have recently bought and sold shares of LDI. Cannell Capital LLC raised its position in loanDepot by 19.5% in the 3rd quarter. Cannell Capital LLC now owns 5,396,445 shares of the company’s stock valued at $9,282,000 after buying an additional 879,650 shares during the last quarter. CastleKnight Management LP bought a new stake in shares of loanDepot during the 4th quarter worth approximately $1,644,000. Wolverine Asset Management LLC raised its stake in shares of loanDepot by 58.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,071,927 shares of the company’s stock worth $3,773,000 after purchasing an additional 397,095 shares in the last quarter. G2 Investment Partners Management LLC bought a new stake in shares of loanDepot during the 4th quarter worth approximately $792,000. Finally, DC Investments Management LLC bought a new stake in shares of loanDepot during the 1st quarter worth approximately $559,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price target on loanDepot from $3.00 to $2.50 and set a “sell” rating on the stock in a research report on Wednesday, March 13th.

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.