Home Point Capital (NASDAQ:HMPT) PT Lowered to $4.50

Home Point Capital (NASDAQ:HMPTGet Rating) had its price target reduced by Credit Suisse Group to $4.50 in a research report report published on Thursday, Stock Target Advisor reports. They currently have a neutral rating on the stock.

A number of other equities analysts also recently commented on HMPT. Wells Fargo & Company downgraded Home Point Capital from an overweight rating to an equal weight rating and lowered their price objective for the stock from $6.00 to $4.00 in a research report on Friday, February 25th. Bank of America lowered their price target on Home Point Capital from $5.00 to $4.00 and set an underperform rating for the company in a report on Tuesday, February 22nd. Zacks Investment Research downgraded Home Point Capital from a hold rating to a sell rating in a report on Friday, January 21st. Morgan Stanley lowered their price target on Home Point Capital from $4.00 to $3.75 and set an equal weight rating for the company in a report on Friday, February 25th. Finally, The Goldman Sachs Group reduced their price objective on Home Point Capital from $3.60 to $3.00 and set a sell rating for the company in a research note on Monday, April 4th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of Hold and an average target price of $5.16.

Shares of Home Point Capital stock opened at $3.68 on Thursday. Home Point Capital has a one year low of $2.47 and a one year high of $7.01. The company has a market cap of $508.99 million, a PE ratio of 17.52 and a beta of 0.95. The company has a debt-to-equity ratio of 4.68, a quick ratio of 3.07 and a current ratio of 3.07. The business has a 50-day simple moving average of $3.19 and a 200-day simple moving average of $3.80.

Home Point Capital (NASDAQ:HMPTGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.10. Home Point Capital had a negative return on equity of 11.77% and a net margin of 4.19%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. On average, sell-side analysts predict that Home Point Capital will post -0.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 7th. Investors of record on Tuesday, May 24th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, May 23rd. This represents a $0.16 annualized dividend and a dividend yield of 4.35%. Home Point Capital’s dividend payout ratio is presently 76.19%.

Large investors have recently bought and sold shares of the business. Schonfeld Strategic Advisors LLC raised its position in Home Point Capital by 43.1% during the third quarter. Schonfeld Strategic Advisors LLC now owns 451,305 shares of the company’s stock worth $1,859,000 after acquiring an additional 135,953 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in Home Point Capital during the third quarter worth about $513,000. Parametric Portfolio Associates LLC raised its position in Home Point Capital by 52.6% during the fourth quarter. Parametric Portfolio Associates LLC now owns 199,048 shares of the company’s stock worth $896,000 after acquiring an additional 68,637 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Home Point Capital during the fourth quarter worth about $96,000. Finally, State Street Corp raised its position in Home Point Capital by 28.9% during the fourth quarter. State Street Corp now owns 91,011 shares of the company’s stock worth $410,000 after acquiring an additional 20,412 shares during the last quarter. Hedge funds and other institutional investors own 94.34% of the company’s stock.

About Home Point Capital (Get Rating)

Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment sources loans through direct, wholesale, and correspondent channels. The Servicing segment offers collecting loan payments; remitting principal and interest payments to investors; managing escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and performing loss mitigation activities on behalf of investors and administering mortgage loans.

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