Anthony Hsieh, the Founder and Executive Chairman of Loandepot Inc., has made a significant open-market purchase of the company's stock, acquiring $431,000 worth of shares at an average price of $0.91 each. This transaction increased his personal holding in the company by a substantial 217%. This move is a notable vote of confidence from the company's founder and leader.
The large insider buy comes shortly after the New York Stock Exchange notified Loandepot on August 21, 2026, that it was not in compliance with the exchange's continued listing standards due to its average closing price falling below $1.00 over a 30-day period. Hsieh's purchase may be interpreted by the market as a signal of his belief in the company's ability to execute its turnaround strategy and regain compliance.