LoanDepot, Inc. (NYSE: LDI) CEO buys $ 1,379,837.55 in shares

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LoanDepot, Inc. (NYSE: LDI) CEO Anthony Li Hsieh bought 216,615 shares of LoanDepot in a trade that took place on Friday, November 5. The stock was purchased at an average cost of $ 6.37 per share, for a total value of $ 1,379,837.55. The acquisition was disclosed in a legal file with the Securities & Exchange Commission, which is accessible through the SEC website.

Anthony Li Hsieh also recently completed the following transactions:

  • On Wednesday, November 3, Anthony Li Hsieh bought 555,990 shares of LoanDepot. The stock was purchased at an average cost of $ 6.93 per share, for a total value of $ 3,853,010.70.

LoanDepot’s stock traded down $ 0.02 during trading hours on Friday, reaching $ 6.41. The company had a trading volume of 1,071,706 shares, compared to an average volume of 516,629. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt ratio of 1.46. LoanDepot, Inc. has a one-year low of $ 5.95 and a one-year high of $ 39.85. The company has a 50-day moving average of $ 6.96 and a 200-day moving average of $ 11.02.

LoanDepot (NYSE: LDI) last released its quarterly results on Sunday, October 31. The company reported earnings per share of $ 0.46 for the quarter, beating the consensus estimate of $ 0.39 of $ 0.07 by Thomson Reuters. As a group, analysts expect LoanDepot, Inc. to post 1.81 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 18. Shareholders of record on Monday October 4 received a dividend of $ 0.08. The ex-dividend date was Friday October 1. This represents an annualized dividend of $ 0.32 and a yield of 4.99%.

A number of institutional investors have recently increased or reduced their holdings in LDI. Evoke Wealth LLC purchased a new position in LoanDepot in the 2nd quarter valued at approximately $ 26,000. Raymond James Financial Services Advisors Inc. acquired a new position in LoanDepot shares during the 3rd quarter valued at approximately $ 85,000. UBS Group AG acquired a new position in LoanDepot shares during the 1st quarter valued at approximately $ 108,000. Advisor Group Holdings Inc. increased its position in LoanDepot shares by 417.2% in the second quarter. Advisor Group Holdings Inc. now owns 11,301 shares of the company valued at $ 145,000 after purchasing an additional 9,116 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in LoanDepot shares during the second quarter valued at approximately $ 163,000. 0.86% of the shares are currently held by hedge funds and other institutional investors.

LDI has been the subject of several analyst reports. Jefferies Financial Group lowered its price target on LoanDepot stock from $ 30.00 to $ 18.00 and set a “buy” rating on the stock in a research report on Monday, July 12. Credit Suisse Group lowered its price target on LoanDepot shares from $ 15.00 to $ 13.00 and set an “outperformance” rating on the stock in a research report released Tuesday. Morgan Stanley raised its target price on LoanDepot shares from $ 7.00 to $ 7.50 and gave the stock an “equal weight” rating in a research report on Tuesday. Citigroup lowered its price target on LoanDepot stock from $ 14.00 to $ 12.00 and set a “buy” rating on the stock in a research report released Tuesday. Finally, Bank of America reduced its price target on LoanDepot shares from $ 13.00 to $ 8.00 and set an “underperformance” rating on the stock in a research report released on Monday 23rd. August. Two investment analysts gave the stock a sell rating, five assigned a conservation rating and eight gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $ 16.58.

LoanDepot Company Profile

LoanDepot, Inc deals with the origination and management of conventional and government mortgages in the United States. It offers conventional agency compliant and blue chip loans, home equity loans, Federal Housing Administration loans, and VA loans. The company also provides settlement services, which include captive securities and escrow transactions; real estate services covering captive real estate reference activities; and insurance services, including homeowner services, as well as other consumer insurance policies.

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