Home Point Capital Inc. (NASDAQ:HMPT) Declares $0.04 Quarterly Dividend

Home Point Capital Inc. (NASDAQ:HMPTGet Rating) announced a quarterly dividend on Thursday, May 12th, Zacks reports. Shareholders of record on Tuesday, May 24th will be given a dividend of 0.04 per share on Tuesday, June 7th. This represents a $0.16 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Monday, May 23rd.

Home Point Capital stock opened at $3.68 on Friday. Home Point Capital has a one year low of $2.47 and a one year high of $7.01. 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 fifty day moving average of $3.19 and a two-hundred day moving average of $3.80. The company has a market cap of $508.98 million, a P/E ratio of 17.52 and a beta of 0.95.

Home Point Capital (NASDAQ:HMPTGet Rating) last released its earnings results on Thursday, May 12th. The company reported $0.08 EPS for the quarter, beating 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 period in the prior year, the company earned $0.51 earnings per share. Sell-side analysts predict that Home Point Capital will post -0.09 EPS for the current year.

A number of brokerages have recently weighed in on HMPT. Wells Fargo & Company cut Home Point Capital from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $6.00 to $4.00 in a research report on Friday, February 25th. Morgan Stanley dropped their price target on Home Point Capital from $4.00 to $3.75 and set an “equal weight” rating for the company in a research report on Friday, February 25th. JMP Securities cut Home Point Capital from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 13th. Bank of America dropped their price objective on Home Point Capital from $5.00 to $4.00 and set an “underperform” rating for the company in a research report on Tuesday, February 22nd. Finally, The Goldman Sachs Group dropped their price objective on Home Point Capital from $3.60 to $3.00 and set a “sell” rating for the company in a research report on Monday, April 4th. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.16.

Institutional investors and hedge funds have recently bought and sold shares of the business. Morgan Stanley purchased a new stake in Home Point Capital in the 1st quarter valued at about $27,000. Royal Bank of Canada lifted its stake in shares of Home Point Capital by 406.0% in the 2nd quarter. Royal Bank of Canada now owns 4,235 shares of the company’s stock valued at $25,000 after purchasing an additional 3,398 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Home Point Capital by 246.3% in the 4th quarter. Bank of America Corp DE now owns 10,524 shares of the company’s stock valued at $47,000 after purchasing an additional 7,485 shares in the last quarter. Zebra Capital Management LLC acquired a new position in shares of Home Point Capital in the 1st quarter valued at about $37,000. Finally, Citadel Advisors LLC acquired a new position in shares of Home Point Capital in the 3rd quarter valued at about $69,000. Institutional investors own 94.34% of the company’s stock.

Home Point Capital Company Profile (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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