Key Points
- loanDepot CEO Anthony Li Hsieh sold 260,251 shares on December 15 at an average price of $2.49 for about $648,025, leaving him with 1,039,749 shares — a 20.02% reduction in his position.
- Hsieh has been conducting a sustained selling spree, disposing of roughly 4.85 million shares since mid‑October (including 1.3M on Oct. 14 and 1.12M on Nov. 14) for multi‑million dollar proceeds, while loanDepot trades with a market cap of about $777M, negative earnings and a consensus target price of $2.58.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 260,251 shares of the company's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $2.49, for a total transaction of $648,024.99. Following the sale, the chief executive officer directly owned 1,039,749 shares in the company, valued at $2,588,975.01. This trade represents a 20.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Anthony Li Hsieh also recently made the following trade(s):
- On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction of $699,160.28.
- On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The shares were sold at an average price of $2.69, for a total value of $620,892.35.
- On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total value of $1,067,783.73.
- On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was sold at an average price of $2.81, for a total value of $1,037,637.46.
- On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total value of $446,252.50.
- On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total value 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 transaction 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 transaction of $3,731,000.00.
loanDepot Trading Up 4.6%
loanDepot stock opened at $2.33 on Thursday. The company has a debt-to-equity ratio of 6.94, a quick ratio of 1.19 and a current ratio of 1.19. The firm's fifty day moving average price is $2.86 and its 200-day moving average price is $2.38. loanDepot, Inc. has a fifty-two week low of $1.01 and a fifty-two week high of $5.05. The stock has a market cap of $777.12 million, a P/E ratio of -6.46 and a beta of 3.45.
loanDepot (NYSE:LDI - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The business had revenue of $325.16 million for the quarter, compared to analysts' expectations of $309.20 million. Equities research analysts forecast that loanDepot, Inc. will post -0.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
LDI has been the topic of a number of recent research reports. Wall Street Zen raised shares of loanDepot from a "sell" rating to a "hold" rating in a research report on Sunday, November 9th. Morgan Stanley set a $1.75 target price on shares of loanDepot in a report on Monday, December 1st. BTIG Research reissued a "neutral" rating on shares of loanDepot in a research report on Wednesday, September 10th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, UBS Group increased their price target on loanDepot from $1.90 to $3.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, loanDepot currently has an average rating of "Reduce" and a consensus target price of $2.58.
Check Out Our Latest Stock Analysis on loanDepot
Institutional Trading of loanDepot
A number of large investors have recently modified their holdings of the company. Alpine Global Management LLC purchased a new position in loanDepot during the 3rd quarter valued at about $307,000. Militia Capital Partners LP purchased a new position in loanDepot during the third quarter valued at approximately $596,000. Millennium Management LLC raised its position in shares of loanDepot by 622.6% in the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company's stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the period. Bank of America Corp DE grew its stake in loanDepot by 267.5% in the 3rd quarter. Bank of America Corp DE now owns 207,219 shares of the company's stock valued at $636,000 after acquiring an additional 150,837 shares during the period. Finally, Alight Capital Management LP purchased a new stake in shares of loanDepot during the third quarter worth about $1,382,000. Hedge funds and other institutional investors own 39.39% of the company's stock.
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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