Home Point Capital (HMPT)

Company Profile

Home Point Capital is evolving the homebuying and home ownership experience. Home Point Capital’s primary business entity, Home Point Financial Corporation, is a leading mortgage originator and servicer focused on driving financially healthy and successful homeownership. Through additional wholly owned subsidiaries Home Point Mortgage Acceptance Corporation and Home Point Asset Management, the company supports sustainable homeownership as a crucial element of each consumer’s broader journey towards financial security and well-being, delivering a seamless and less stressful homebuying experience. Founded in 2015 and headquartered in Ann Arbor, Michigan, Homepoint works closely with a nationwide network of more than 5,500 mortgage broker and correspondent partners with deep knowledge and expertise about the communities and customers they serve. Today, Homepoint is the nation’s third-largest wholesale mortgage lender and the 10th-largest non-bank mortgage lender. Home Point Financial Corporation d/b/a Homepoint. NMLS No. 7706 (For licensing information, go to: nmlsconsumeraccess.org). Home Point Financial Corporation does not conduct business under the name,

Company profile

Ticker

HMPT

Exchange

NASDAQ

Website

investors.homepoint.com

Incorporated

Delaware

Location

Michigan

Fiscal year end

Dec 31

Sector

Finance and Insurance > Real Estate Credit

Industry (SIC)

Mortgage Bankers & Loan Correspondents

Rocket Companies • Ditech Holding • PennyMac Financial Services • Guild • UWM • Finance of America Companies • Ocwen Financial • HUI YING FINANCIAL • AmeriHome ...

SEC CIK

0001830197

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

HPC Insurance Agency, LLC • Home Point Financial Corporation • HPFC Sub 1 LLC ...

IRS number

471776572

HMPT stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$2.06

Low target

$1.50

High target

$2.35

Latest filings (excl ownership)

View all

SC 14D9

Tender offer solicitation

26 May 23

SC TO-T

Third party tender offer statement

26 May 23

8-K

Home Point Capital Reports First Quarter 2023 Financial Results

12 May 23

Written communication relating to third party tender offer

11 May 23

8-K

Entry into a Material Definitive Agreement

11 May 23

SC TO-C

Information about tender offer

11 May 23

SC TO-C

Information about tender offer

10 May 23

DFAN14A

Additional proxy materials by non-management

10 May 23

8-K

Termination of a Material Definitive Agreement

5 May 23

Transcripts

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HMPT

Earnings call transcript

2022 Q4

9 Mar 23

HMPT

Earnings call transcript

2022 Q3

13 Nov 22

HMPT

Earnings call transcript

2022 Q2

14 Aug 22

HMPT

Earnings call transcript

2022 Q1

14 May 22

HMPT

Earnings call transcript

2021 Q4

24 Feb 22

HMPT

Earnings call transcript

2021 Q3

6 Nov 21

HMPT

Earnings call transcript

2021 Q2

10 Aug 21

HMPT

Earnings call transcript

2021 Q1

8 May 21

Latest ownership filings

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Financial summary

Financial statements Chart HMPT financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	110.28 mm	110.28 mm		110.28 mm	110.28 mm	110.28 mm
Cash burn (monthly)	(no burn)	7.29 mm		18.46 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	15.88 mm		40.23 mm	n/a	n/a
Cash remaining	n/a	94.40 mm		70.05 mm	n/a	n/a
Runway (months of cash)	n/a	13.0		3.8	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2022

HMPT institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	41	39	+5.1%
Opened positions	8	5	+60.0%
Closed positions	6	12	-50.0%
Increased positions	9	11	-18.2%
Reduced positions	14	12	+16.7%

13F shares	Current	Prev Q	Change
Total value	177.78 bn	776.69 mm	+22789.4%
Total shares	257.48 mm	257.76 mm	-0.1%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Stone Point Capital	127.77 mm	$175.05 bn	0.0%
Trident VI	127.77 mm	$574.97 mm	0.0%
Bridgeway Capital Management	847.70 k	$1.16 bn	-6.8%
BLK Blackrock	305.90 k	$419.08 mm	-21.7%
Geode Capital Management	179.52 k	$245.00 k	+0.5%
Bayview Asset Management	120.42 k	$164.98 mm	0.0%
STT State Street	96.56 k	$132.29 mm	NEW
MS Morgan Stanley	51.84 k	$71.02 mm	-43.4%
Millennium Management	50.85 k	$70.00 k	-38.6%
NTRS Northern Trust	41.69 k	$57.11 mm	-22.3%

Largest transactions	Shares	Bought/sold	Change
STT State Street	96.56 k	+96.56 k	NEW
BLK Blackrock	305.90 k	-84.80 k	-21.7%
BK Bank Of New York Mellon	17.17 k	-79.59 k	-82.3%
Bridgeway Capital Management	847.70 k	-62.30 k	-6.8%
MS Morgan Stanley	51.84 k	-39.72 k	-43.4%
Millennium Management	50.85 k	-32.01 k	-38.6%
WFC Wells Fargo & Co.	1.84 k	-29.32 k	-94.1%
Zebra Capital Management	35.17 k	-21.43 k	-37.9%
GS Goldman Sachs	0.00	-19.02 k	EXIT
Sawgrass Asset Management	0.00	-14.34 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

HMPT insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
4 May 23	John S Forlines	Common Stock	Option exercise	Acquire M	No	No	0	35,310	0.00	61,490
4 May 23	John S Forlines	RSU Common Stock	Option exercise	Dispose M	No	No	0	35,310	0.00	57,298
4 May 23	Jean Weng	Common Stock	Payment of exercise	Dispose F	No	No	1.68	7,117	11.96 k	27,058
4 May 23	Jean Weng	Common Stock	Option exercise	Acquire M	No	No	0	17,656	0.00	34,175
4 May 23	Jean Weng	RSU Common Stock	Option exercise	Dispose M	No	No	0	17,656	0.00	39,642
10 Feb 23	Jean Weng	Common Stock	Payment of exercise	Dispose F	No	No	1.99	5,014	9.98 k	16,519
10 Feb 23	Jean Weng	Common Stock	Option exercise	Acquire M	No	No	0	10,994	0.00	21,533
10 Feb 23	Jean Weng	RSU Common Stock	Option exercise	Dispose M	No	No	0	10,994	0.00	57,298
10 Feb 23	John S Forlines	Common Stock	Payment of exercise	Dispose F	No	No	1.99	5,555	11.05 k	26,180
10 Feb 23	John S Forlines	Common Stock	Option exercise	Acquire M	No	No	0	10,994	0.00	31,735