Key Points
- loanDepot CEO Anthony Li Hsieh sold 1,121,499 shares on November 14 at an average price of $2.50 for $2.803M, leaving him with 178,501 shares — an approximate 86.27% decrease in his direct stake.
- The sale is part of a broader pattern of large insider disposals over recent months totaling many millions, while loanDepot shares remain volatile (12‑month range $1.01–$5.05) and carry a consensus "Reduce" rating with an average $3.00 price target.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 178,501 shares of the firm's stock in a transaction on Monday, November 17th. The shares were sold at an average price of $2.50, for a total transaction of $446,252.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Anthony Li Hsieh also recently made the following trade(s):
- On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total transaction of $2,803,747.50.
- On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value of $2,009,000.00.
- On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value of $3,731,000.00.
- On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The stock was sold at an average price of $4.61, for a total value of $6,223,500.00.
- On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $4.10, for a total value of $5,330,000.00.
- On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The shares were sold at an average price of $3.25, for a total value of $6,642,064.00.
- On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The stock was sold at an average price of $2.64, for a total value of $8,041,453.20.
- On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total value of $2,409,685.18.
- On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total value of $443,265.90.
- On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were sold at an average price of $2.10, for a total transaction of $443,265.90.
loanDepot Stock Performance
NYSE LDI opened at $2.65 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94. The firm's fifty day moving average price is $3.22 and its two-hundred day moving average price is $2.17. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $5.05. The firm has a market capitalization of $881.42 million, a P/E ratio of -7.35 and a beta of 3.45.
loanDepot (NYSE:LDI - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. The company had revenue of $325.16 million during the quarter, compared to the consensus estimate of $309.20 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. As a group, research analysts anticipate that loanDepot, Inc. will post -0.23 EPS for the current year.
Hedge Funds Weigh In On loanDepot
Large investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company's stock worth $28,000 after purchasing an additional 8,934 shares during the last quarter. Traynor Capital Management Inc. bought a new position in loanDepot during the 3rd quarter worth $31,000. CWM LLC acquired a new stake in shares of loanDepot during the third quarter worth $32,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of loanDepot in the third quarter valued at about $31,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of loanDepot in the third quarter valued at about $35,000. Institutional investors own 39.39% of the company's stock.
Wall Street Analysts Forecast Growth
LDI has been the topic of a number of recent analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of loanDepot in a research report on Wednesday, October 8th. UBS Group boosted their target price on loanDepot from $1.90 to $3.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Wall Street Zen upgraded loanDepot from a "sell" rating to a "hold" rating in a research note on Sunday, November 9th. The Goldman Sachs Group lifted their price objective on shares of loanDepot from $1.45 to $3.00 and gave the stock a "sell" rating in a research report on Wednesday, October 29th. Finally, BTIG Research reiterated a "neutral" rating on shares of loanDepot in a report on Wednesday, September 10th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $3.00.
Check Out Our Latest Analysis on LDI
About loanDepot
(
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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