loanDepot (LDI)

Company Profile

loanDepot (NYSE: LDI) is a digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as one of the nation's largest non-bank retail mortgage lenders, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.

Company profile

Ticker

LDI

Exchange

Incorporated

Location

Fiscal year end

Industry (SIC)

American Express • Synchrony Financial • General Motors Financial • SoFi • Coinbase Global • Burford Capital Limited • Qudian • LexinFintech • Velocity Financial • Walker & Dunlop ...

SEC CIK

0001831631

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

LD Holdings Group LLC • loanDepot.com, LLC • Artemis Management LLC • LD Settlement Services, LLC • mello Holdings, LLC • Closing USA, LLC ...

Analyst ratings and price targets

Last 3 months

Average target

$1.56

Low target

$1.00

High target

$2.50

Latest filings (excl ownership)

View all

8-K

Entry into a Material Definitive Agreement

9 Nov 22

Results of Operations and Financial Condition

8 Nov 22

8-K

Entry into a Material Definitive Agreement

1 Nov 22

8-K

Entry into a Material Definitive Agreement

14 Oct 22

8-K

Entry into a Material Definitive Agreement

6 Oct 22

8-K

Entry into a Material Definitive Agreement

29 Sep 22

8-K

Departure of Directors or Certain Officers

28 Sep 22

8-K

Entry into a Material Definitive Agreement

7 Sep 22

8-K

Termination of a Material Definitive Agreement

24 Aug 22

Transcripts

View all

LDI

Earnings call transcript

2022 Q3

9 Nov 22

LDI

Earnings call transcript

2022 Q2

10 Aug 22

LDI

Earnings call transcript

2022 Q1

10 May 22

LDI

Earnings call transcript

2021 Q4

1 Feb 22

LDI

Earnings call transcript

2021 Q3

1 Nov 21

LDI

Earnings call transcript

2021 Q2

8 Aug 21

LDI

Earnings call transcript

2021 Q1

3 May 21

Latest ownership filings

View all

Jeffrey Michael DerGurahian

16 Nov 22

PATRICK J FLANAGAN

16 Nov 22

Jeffrey Michael DerGurahian

3 Nov 22

John Hoon Lee

3 Nov 22

Financial summary

Financial statements Chart LDI financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.30 bn	1.30 bn	1.30 bn	1.30 bn	1.30 bn	1.30 bn
Cash burn (monthly)	(no burn)	(no burn)	53.64 mm	42.08 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	113.54 mm	89.07 mm	n/a	n/a
Cash remaining	n/a	n/a	1.19 bn	1.22 bn	n/a	n/a
Runway (months of cash)	n/a	n/a	22.2	28.9	n/a	n/a

Beta Read what these cash burn values mean

Financial data from loanDepot earnings reports.

Institutional ownership, Q2 2022

LDI institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	50	52	-3.8%
Opened positions	12	15	-20.0%
Closed positions	14	16	-12.5%
Increased positions	12	19	-36.8%
Reduced positions	17	12	+41.7%

13F shares	Current	Prev Q	Change
Total value	515.60 mm	535.21 mm	-3.7%
Total shares	114.82 mm	112.63 mm	+1.9%
Total puts	53.80 k	387.40 k	-86.1%
Total calls	200.10 k	229.30 k	-12.7%
Total put/call ratio	0.3	1.7	-84.1%

Largest owners	Shares	Value	Change
PCP Managers GP	104.23 mm	$500.30 mm	0.0%
Vanguard	2.83 mm	$4.07 mm	+16.7%
Brandywine Global Investment Management	2.13 mm	$3.07 mm	NEW
Renaissance Technologies	1.10 mm	$1.58 mm	+39.4%
Oregon Public Employees Retirement Fund	572.66 k	$825.00 k	-61.2%
WFC Wells Fargo & Co.	539.66 k	$777.00 k	+8713.6%
EMG	490.70 k	$707.00 k	NEW
Wolverine Asset Management	433.55 k	$624.00 k	NEW
Geode Capital Management	309.26 k	$445.00 k	+91.7%
Graham Capital Management	305.66 k	$440.00 k	NEW

Largest transactions	Shares	Bought/sold	Change
Brandywine Global Investment Management	2.13 mm	+2.13 mm	NEW
Oregon Public Employees Retirement Fund	572.66 k	-903.93 k	-61.2%
STT State Street	63.26 k	-601.09 k	-90.5%
WFC Wells Fargo & Co.	539.66 k	+533.53 k	+8713.6%
EMG	490.70 k	+490.70 k	NEW
Boothbay Fund Management	0.00	-488.74 k	EXIT
Wolverine Asset Management	433.55 k	+433.55 k	NEW
Vanguard	2.83 mm	+404.31 k	+16.7%
Renaissance Technologies	1.10 mm	+310.82 k	+39.4%
Graham Capital Management	305.66 k	+305.66 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

LDI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Dec 22	John Hoon Lee	Class A Common Stock	Sell	Dispose S	Yes	Yes	1.5475	200,000	309.50 k	1,084,108
30 Nov 22	PCP Managers GP	Class A Common Stock	Option exercise	Acquire M	Yes	No	0	21,552	0.00	3,985,685
30 Nov 22	PCP Managers GP	RSU Class A Common Stock	Option exercise	Dispose M	Yes	No	0	21,552	0.00	64,656
30 Nov 22	Lepore Dawn G	Class A Common Stock	Option exercise	Acquire M	No	No	0	21,552	0.00	95,136
30 Nov 22	Lepore Dawn G	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	21,552	0.00	21,552
30 Nov 22	Dorman John C	Class A Common Stock	Option exercise	Acquire M	No	No	0	21,552	0.00	95,136
30 Nov 22	Dorman John C	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	21,552	0.00	21,552
30 Nov 22	John Hoon Lee	Class A Common Stock	Option exercise	Acquire M	Yes	No	0	21,552	0.00	1,284,108
30 Nov 22	John Hoon Lee	RSU Class A Common Stock	Option exercise	Dispose M	No	No	0	21,552	0.00	21,552
30 Nov 22	Pamela H. Patenaude	Class A Common Stock	Option exercise	Acquire M	No	No	0	21,552	0.00	103,711