loanDepot, Inc. (NYSE:LDI) Insider Jeff Alexander Walsh Sells 36,811 Shares

loanDepot, Inc. (NYSE:LDI) insider Jeff Alexander Walsh sold 36,811 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately $10,733,943.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $2.85, for a total transaction of $142,500.00.

loanDepot Price Performance

NYSE LDI opened at $2.65 on Friday. The stock’s 50-day moving average price is $2.57 and its two-hundred day moving average price is $2.26. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.69. The company has a market cap of $857.51 million, a PE ratio of -4.65 and a beta of 3.43. loanDepot, Inc. has a 1 year low of $1.14 and a 1 year high of $3.71.

loanDepot (NYSE:LDI) last released its earnings results on Tuesday, August 6th. The company reported ($0.07) earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $267.66 million. On average, analysts predict that loanDepot, Inc. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On loanDepot

Several large investors have recently made changes to their positions in the company. Park Avenue Securities LLC bought a new stake in shares of loanDepot in the 3rd quarter valued at approximately $27,000. Empowered Funds LLC boosted its position in loanDepot by 8.2% during the first 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 period. American Century Companies Inc. boosted its position in loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares during the period. Cullen Capital Management LLC acquired a new position in shares of loanDepot during the fourth quarter worth approximately $150,000. Finally, Cetera Advisors LLC lifted its holdings in shares of loanDepot by 66.3% during the first quarter. Cetera Advisors LLC now owns 113,354 shares of the company’s stock worth $294,000 after buying an additional 45,173 shares during the last quarter. Institutional investors own 39.39% of the company’s stock.

Wall Street Analysts Forecast Growth

LDI has been the topic of several research reports. The Goldman Sachs Group boosted their price target on shares of loanDepot from $1.50 to $1.70 and gave the stock a “sell” rating in a research report on Thursday, August 8th. JMP Securities reiterated a “market perform” rating on shares of loanDepot in a research report on Friday, June 21st. Finally, UBS Group boosted their price target on shares of loanDepot from $2.30 to $2.50 and gave the stock a “neutral” rating in a research report on Thursday, September 5th.

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.