loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 129,196 Shares

loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh sold 129,196 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $2.25, for a total value of $290,691.00. Following the completion of the sale, the director now owns 5,347,657 shares in the company, valued at approximately $12,032,228.25. This represents a 2.36 % decrease in their ownership of the stock. 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 Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total value of $195,780.78.
• On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The stock was sold at an average price of $2.52, for a total value of $368,101.44.
• On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total value of $538,953.08.
• On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total value of $38,740.36.
• On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The stock was sold at an average price of $2.04, for a total value of $494,404.20.
• On Friday, September 13th, Anthony Li Hsieh sold 10,141 shares of loanDepot stock. The stock was sold at an average price of $2.57, for a total value of $26,062.37.
• On Wednesday, September 11th, Anthony Li Hsieh sold 480,088 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $1,113,804.16.
• On Monday, September 9th, Anthony Li Hsieh sold 27,713 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total transaction of $69,836.76.
• On Friday, September 6th, Anthony Li Hsieh sold 239,729 shares of loanDepot stock. The shares were sold at an average price of $2.44, for a total transaction of $584,938.76.

loanDepot Stock Up 2.9 %

LDI stock opened at $2.28 on Thursday. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day simple moving average of $2.33 and a 200-day simple moving average of $2.24. loanDepot, Inc. has a 52 week low of $1.52 and a 52 week high of $3.71.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Cetera Advisors LLC lifted its stake in shares of loanDepot by 66.3% in the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after acquiring an additional 45,173 shares in the last quarter. Wolverine Asset Management LLC boosted its holdings in loanDepot by 6.0% in the second quarter. Wolverine Asset Management LLC now owns 1,019,910 shares of the company’s stock worth $1,683,000 after purchasing an additional 57,546 shares during the period. American Century Companies Inc. increased its stake in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock valued at $151,000 after purchasing an additional 19,655 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of loanDepot by 390.6% during the second quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after purchasing an additional 158,221 shares during the period. Finally, 272 Capital LP lifted its position in shares of loanDepot by 107.4% in the 2nd quarter. 272 Capital LP now owns 183,190 shares of the company’s stock worth $302,000 after buying an additional 94,883 shares during the last quarter. 39.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LDI has been the subject of several research reports. UBS Group lifted their price objective on loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th. The Goldman Sachs Group lifted their price objective on loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th.

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.