Domestic Sale: loanDepot, Inc. (NYSE:LDI) Insider Sells 36,811 Shares

LoanDepot, Inc. (NYSE:LDI – Get Your Free Report) Jeff Alexander Walsh sold 36,811 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $2.66, for a total transaction of $97,917.26. Following the transaction, the insider now directly owns 4,035,317 shares in the company, valued at approximately $10,733,943.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

Jeff Alexander Walsh also recently traded:

• On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The stock was sold at an average price of $2.85, for a total value of $142,500.00.

loanDepot stocks down 2.9%

NYSE LDI traded down $0.08 during trading hours on Thursday, hitting $2.65. The company had a trading volume of 577,992 shares, compared to its average volume of 543,623. The company’s 50-day moving average is $2.57 and its 200-day moving average is $2.26. The company has a debt-to-equity ratio of 4.69, a current ratio of 1.18, and a quick ratio of 1.18. loanDepot, Inc. it has a fifty-two week low of $1.14 and a fifty-two week high of $3.71. The company has a market cap of $857.51 million, a price-to-earnings ratio of -4.65 and a beta of 3.43.

loanDepot (NYSE:LDI – Get Your Free Report ) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.03. The company had revenue of $265.39 million during the quarter, compared to the consensus estimate of $267.66 million. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. Sell-side analysts anticipate that loanDepot, Inc. will record -0.31 profit per share for the current fiscal year.

Analysts on Wall Street are forecasting an increase

A number of equities research analysts have issued reports on the company. UBS Group upped their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research report on Thursday, September 5th. JMP Securities reissued a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. Finally, Goldman Sachs Group lifted their price target on shares of loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research report on Thursday, August 8th.

Read our latest review of loanDepot

Hedge funds weigh loanDepot

A number of institutional investors have recently added to or reduced their stakes in LDI. CastleKnight Management LP purchased a new stake in shares of loanDepot during the fourth quarter valued at approximately $1,644,000. Cullen Capital Management LLC purchased a new stake in loanDepot in the 4th quarter valued at approximately $150,000. G2 Investment Partners Management LLC purchased a new position in shares of loanDepot in the 4th quarter valued at approximately $792,000. Empowered Funds LLC boosted its stake in loanDepot by 8.2% in the first quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock valued at $533,000 after purchasing an additional 15,565 shares during the last quarter. Finally, DC Investments Management LLC acquired a new stake in shares of loanDepot in the 1st quarter worth approximately $559,000. Institutional investors and hedge funds own 39.39% of the company’s shares.

About loanDepot

(Get a free report)

loanDepot, Inc is engaged in the origination, financing, sale and servicing of residential mortgage loans in the United States. The company offers conventional agency and jumbo prime loans, federally assisted residential mortgages and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services covering captive real estate referral business; and insurance services, including home owner services and other consumer insurance policies.

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