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

Posted by Maurice Goldstein on Nov 29th, 2024

loanDepot, Inc. (NYSE:LDI – Get Free Report) Director Anthony Li Hsieh sold 83,667 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $2.34, for a total value of $195,780.78. Following the completion of the sale, the director now directly owns 5,684,228 shares of the company’s stock, valued at approximately $13,301,093.52. This represents a 1.45 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $2.52, for a total transaction 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 transaction 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 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 stock was sold at an average price of $2.44, for a total transaction 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 loanDepot stock opened at $2.30 on Friday. The company has a fifty day simple moving average of $2.38 and a 200-day simple moving average of $2.23. loanDepot, Inc. has a 12-month low of $1.52 and a 12-month high of $3.71. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group increased their price target 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 increased their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a report on Thursday, September 5th.

Get Our Latest Analysis on LDI

Hedge Funds Weigh In On loanDepot

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