Point d’Accueil Capital Inc. (NASDAQ: HMPT- Get a rating) announced a quarterly dividend on Friday, February 25, the wall street journal reports. Shareholders of record on Thursday March 10 will receive a dividend of 0.04 per share on Thursday March 24. This represents a dividend of $0.16 on an annualized basis and a yield of 4.60%. The ex-dividend date is Wednesday, March 9.
Shares of NASDAQ HMPT traded down $0.11 during Friday’s midday session, hitting $3.48. 90,358 shares of the company have been traded, compared to its average volume of 74,557. The stock has a market capitalization of $485.56 million and a P/E ratio of 1.51. The company has a 50-day simple moving average of $4.31 and a 200-day simple moving average of $4.26. Home Point Capital has a 1-year low of $3.25 and a 1-year high of $12.19. The company has a debt ratio of 9.69, a current ratio of 2.51 and a quick ratio of 2.51.
Capital Attachment Point (NASDAQ: HMPT – Get a rating) last released its quarterly earnings data on Thursday, February 24. The company reported earnings per share (EPS) of $0.14 for the quarter, beating consensus analyst estimates of $0.07 by $0.07. Home Point Capital had a net margin of 26.82% and a return on equity of 26.12%. In the same quarter of the previous year, the company had earned earnings per share of $1.21. Equity research analysts expect Home Point Capital to post earnings per share of 0.33 for the current fiscal year.
HMPT has been the subject of a number of analyst reports. Wells Fargo & Company cut shares of Home Point Capital from an “overweight” rating to an “equal weight” rating and lowered its price target for the company from $6.00 to $4.00 in a published report Friday. Zacks Investment Research downgraded shares of Home Point Capital from a “hold” rating to a “sell” rating in a Friday, January 21 research report. Credit Suisse Group lowered its price target on Home Point Capital shares from $8.00 to $6.50 and set an “outperform” rating on the stock in a research report on Friday. Goldman Sachs Group downgraded shares of Home Point Capital from a “neutral” rating to a “sell” rating and set a price target of $4.50 for the stock. in a research report on Thursday, January 6. Finally, Morgan Stanley lowered its price target on Home Point Capital shares from $4.00 to $3.75 and set an “equal weight” rating on the stock in a research report on Friday. Four analysts have assigned the stock a sell rating, four have issued a hold rating and three have assigned the stock a buy rating. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.86.
Hedge funds have recently changed their positions in the business. BlackRock Inc. increased its position in Home Point Capital by 1.0% in the fourth quarter. BlackRock Inc. now owns 380,515 shares of the company worth $1,713,000 after acquiring 3,641 additional shares during the period. Parametric Portfolio Associates LLC increased its position in Home Point Capital by 52.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 199,048 shares of the company worth $896,000 after acquiring an additional 68,637 shares during the period. Geode Capital Management LLC increased its position in Home Point Capital by 10.9% in the fourth quarter. Geode Capital Management LLC now owns 173,440 shares of the company worth $780,000 after acquiring an additional 17,040 shares during the period. State Street Corp increased its position in Home Point Capital by 28.9% in the fourth quarter. State Street Corp now owns 91,011 shares of the company worth $410,000 after acquiring an additional 20,412 shares during the period. Finally, Citadel Advisors LLC increased its position in Home Point Capital by 92.3% in the fourth quarter. Citadel Advisors LLC now owns 32,190 shares of the company worth $145,000 after acquiring an additional 15,453 shares during the period. 94.34% of the shares are currently held by institutional investors and hedge funds.
Home Point Capital Company Profile (Get a rating)
Home Point Capital Inc, together with its subsidiaries, operates as a residential mortgage loan originator and service provider. It operates through two segments, Origination and Servicing. The Origination segment obtains loans through direct, wholesale and correspondent channels. The Servicing segment offers collection of loan repayments; remittance of principal and interest payments to investors; the management of funds blocked for the payment of expenses related to the mortgage, such as taxes and insurance; and perform loss mitigation activities on behalf of investors and administer mortgage loans.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Home Point Capital right now?
Before you consider Home Point Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Home Point Capital was not on the list.
While Home Point Capital currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here