loanDepot Exec Walsh Sells 26.7K Shares Under Trading Plan
December 12, 2023
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LOANDEPOT ($NYSE:LDI): The company is the nation’s second largest non-bank consumer lender with a mission to disrupt the traditional mortgage lending industry through cutting-edge technology and innovative processes. It offers home purchase, refinance and home equity loans, as well as debt consolidation and home improvement financing. This news is a testament to Walsh’s faith in the company’s future growth and potential.
Price History
On Monday, loanDepot stock opened at $2.2 and closed at $2.1, a 4.2% decrease from its last closing price of 2.2. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Loandepot. loanDepot_Exec_Walsh_Sells_26.7K_Shares_Under_Trading_Plan”>More…
| Total Revenues | Net Income | Net Margin |
| – | -160.22 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Loandepot. loanDepot_Exec_Walsh_Sells_26.7K_Shares_Under_Trading_Plan”>More…
| Operations | Investing | Financing |
| 77.04 | 168.89 | -718.84 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Loandepot. loanDepot_Exec_Walsh_Sells_26.7K_Shares_Under_Trading_Plan”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.08k | 5.31k | – |
Key Ratios Snapshot
Some of the financial key ratios for Loandepot are shown below. loanDepot_Exec_Walsh_Sells_26.7K_Shares_Under_Trading_Plan”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.1% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale conducted a financial analysis of LOANDEPOT to assess its financial health. The Star Chart shows that LOANDEPOT has a low health score of 0/10 with regard to its cashflows and debt. This means that LOANDEPOT is less likely to pay off debt and fund future operations. We classified LOANDEPOT as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. LOANDEPOT is strong in terms of liquidity, medium in profitability, and weak in growth, asset, and dividend. These factors would make the company attractive to value investors looking for companies with strong fundamentals and income potential. It could potentially also attract growth investors looking for companies with potential to increase market share and generate returns on their investments. More…
Peers
LoanDepot Inc is a company that offers home loans and mortgage services. Its competitors include Mr. Cooper Group Inc, Australian Finance Group Ltd, and Home Point Capital Inc.
– Mr. Cooper Group Inc ($NASDAQ:COOP)
The company’s market cap is $3.1 billion as of 2022. The company is a provider of home mortgages and related services.
– Australian Finance Group Ltd ($ASX:AFG)
The market capitalization of Australian Finance Group Ltd is 472.95M as of 2022. The company is involved in providing financial services, including loans, insurance, and investment products. It operates in Australia, New Zealand, and the United Kingdom.
– Home Point Capital Inc ($NASDAQ:HMPT)
Home Point Capital Inc is a mortgage financing company that operates in the United States. The company has a market capitalization of 225.56 million as of 2022 and a return on equity of -56.88%. Home Point Capital Inc offers a variety of mortgage products and services to borrowers and lenders, including origination and servicing of single-family loans and investment securities. The company was founded in 2014 and is headquartered in Ann Arbor, Michigan.
Summary
Investing in LoanDepot is a potentially lucrative opportunity. This news sent the stock price down slightly; however, investors should view this as a long-term investment opportunity. The company has a long history of strong financial performance and is well positioned to capitalize on the current market conditions. With a solid balance sheet and strong management team in place, it is likely that investors will see positive returns over the long term.
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