loanDepot, Inc. (NYSE:LDI – Get Free Report) insider Jeff Alexander Walsh sold 36,811 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $2.66, for a total value of $97,917.26. Following the completion of the transaction, the insider now directly owns 4,035,317 shares of the company’s stock, valued at $10,733,943.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
Jeff Alexander Walsh also recently made the following trade(s):
- On Thursday, August 22nd, Jeff Alexander Walsh sold 50,000 shares of loanDepot stock. The shares were sold at an average price of $2.85, for a total value of $142,500.00.
loanDepot Price Performance
Shares of LDI stock opened at $2.65 on Friday. The stock has a 50-day moving average price of $2.57 and a 200 day moving average price of $2.26. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.69. The firm has a market cap of $857.51 million, a price-to-earnings ratio of -4.65 and a beta of 3.43. loanDepot, Inc. has a 12 month low of $1.14 and a 12 month high of $3.71.
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loanDepot (NYSE:LDI – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.03. loanDepot had a negative return on equity of 18.22% and a negative net margin of 11.22%. The company had revenue of $265.39 million during the quarter, compared to analyst estimates of $267.66 million. Research analysts expect that loanDepot, Inc. will post -0.31 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on LDI shares. JMP Securities reissued a “market perform” rating on shares of loanDepot in a report on Friday, June 21st. UBS Group raised their target price on loanDepot from $2.30 to $2.50 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Finally, The Goldman Sachs Group raised their target price on loanDepot from $1.50 to $1.70 and gave the company a “sell” rating in a research note on Thursday, August 8th.
Read Our Latest Research Report on loanDepot
Institutional Investors Weigh In On loanDepot
Several institutional investors have recently bought and sold shares of LDI. CastleKnight Management LP acquired a new position in shares of loanDepot during the 4th quarter worth approximately $1,644,000. Cullen Capital Management LLC acquired a new position in shares of loanDepot during the 4th quarter worth approximately $150,000. Cetera Advisors LLC increased its position in shares of loanDepot by 66.3% during the 1st quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after purchasing an additional 45,173 shares during the last quarter. Empowered Funds LLC increased its position in shares of loanDepot by 8.2% during the 1st quarter. Empowered Funds LLC now owns 205,910 shares of the company’s stock worth $533,000 after purchasing an additional 15,565 shares during the last quarter. Finally, G2 Investment Partners Management LLC acquired a new position in shares of loanDepot during the 4th quarter worth approximately $792,000. Institutional investors own 39.39% of the company’s stock.
loanDepot Company Profile
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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