Home Point Capital (NASDAQ:HMPT) downgraded to "Neutral" in Wedbush
Capital Attachment Point (NASDAQ: HMPT – Get a rating) was downgraded by Wedbush research analysts from an "outperforming" rating to a "neutral" rating in a report released on Monday, Fly reports.
Separately, Credit Suisse Group lowered its price target on Home Point Capital to $4.50 and set a "neutral" rating for the company in a Thursday, May 19 research report. Three investment analysts gave the stock a sell rating and five gave the stock a hold rating. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $4.89.
Home Point share capital up 1.6%
Shares of HMPT opened at $3.90 on Monday. The stock has a market capitalization of $539.42 million, a price-earnings ratio of 9.51 and a beta of 0.42. The company has a debt ratio of 3.76, a quick ratio of 3.21 and a current ratio of 3.21. Home Point Capital has a 52-week low of $2.47 and a 52-week high of $5.85. The stock has a 50-day moving average of $3.81 and a 200-day moving average of $3.57.
Capital Attachment Point (NASDAQ: HMPT – Get a rating) last announced its results on Thursday, May 12. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.26). Home Point Capital had a negative return on equity of 11.15% and a net margin of 8.49%. The company posted revenue of $158.20 million for the quarter, versus a consensus estimate of $135.35 million. In the same period a year earlier, the company had earned earnings per share of $0.51. As a group, sell-side analysts expect Home Point Capital to post -0.44 earnings per share for the current fiscal year.
Hedge funds weigh on Home Point Capital
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Several institutional investors have recently bought and sold shares of HMPT. Renaissance Technologies LLC purchased a new stake in the shares of Home Point Capital in the second quarter at a value of $101,000. Rhumbline Advisers bought a new position in shares of Home Point Capital during the second quarter worth approximately $58,000. SMH Capital Advisors Inc. purchased a new position in shares of Home Point Capital during the second quarter worth approximately $306,000. Zebra Capital Management LLC purchased a new stake in shares of Home Point Capital in the first quarter for a value of approximately $37,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Home Point Capital by 28.9% in the first quarter. Goldman Sachs Group Inc. now owns 22,007 shares of the company worth $68,000 after buying 4,939 additional shares in the last quarter. Hedge funds and other institutional investors hold 94.34% of the company's shares.
About Home Point Capital
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; manage escrow funds for the payment of mortgage-related expenses, such as taxes and insurance; and perform loss mitigation activities on behalf of investors and administer mortgage loans.
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