loanDepot, Inc. (NYSE:LDI) Director Anthony Li Hsieh Sells 83,667 Shares

Posted by Geri Gentry on Nov 29th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 83,667 shares of loanDepot stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $2.34, for a total transaction of $195,780.78. Following the transaction, the director now owns 5,684,228 shares of the company’s stock, valued at approximately $13,301,093.52. The trade was a 1.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

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 shares were 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 shares were 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 shares were sold at an average price of $2.57, for a total transaction 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 stock was 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 stock was sold at an average price of $2.44, for a total value of $584,938.76.
On Wednesday, September 4th, Anthony Li Hsieh sold 61,747 shares of loanDepot stock. The stock was sold at an average price of $2.65, for a total value of $163,629.55.

loanDepot Trading Down 0.4 %

Shares of NYSE:LDI opened at $2.30 on Friday. The stock has a 50-day simple moving average of $2.38 and a 200-day simple moving average of $2.23. loanDepot, Inc. has a 1 year low of $1.52 and a 1 year high of $3.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.76.

Institutional Investors Weigh In On loanDepot

Several institutional investors have recently bought and sold shares of LDI. Barclays PLC acquired a new position in shares of loanDepot during the 3rd quarter valued at $2,180,000. Walleye Capital LLC purchased a new stake in shares of loanDepot during the 3rd quarter valued at about $897,000. Dimensional Fund Advisors LP boosted its holdings in loanDepot by 390.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 198,724 shares of the company’s stock worth $328,000 after acquiring an additional 158,221 shares during the period. Geode Capital Management LLC grew its position in loanDepot by 21.0% in the third quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after acquiring an additional 125,059 shares in the last quarter. Finally, GSA Capital Partners LLP raised its stake in shares of loanDepot by 275.6% during the third quarter. GSA Capital Partners LLP now owns 167,578 shares of the company’s stock valued at $457,000 after purchasing an additional 122,957 shares during the period. 39.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. The Goldman Sachs Group raised their target price on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a research report on Thursday, November 14th. UBS Group boosted their price objective on shares of loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th.

Check Out Our Latest Research Report 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.