Hello everyone, happy Saturday evening. I rarely post about hidden gems but do so every now and then. I have been debating whether I want the cat out of the bag and let this one out, however I do believe if everyone sees the tremendous value in myself, HMPT it could bring great results for everyone.
I will not make this post extremely long but I will highlight some of the keys. This company like RKT, LDI, UWMC is just not liked by the market. These companies are all cash cows and generate loads of money, some with amazing growth….what you do not know is that if you thought RKT, LDI or UWMC was cheap you have seen nothing yet!!!!
These are some highlights from the 4th quarter report which was reported about a month ago….remember this report isn’t even the full year this is the 4th quarter!!!
–Record Quarterly Origination Volume of $24 Billion, Up 189% Year-Over-Year–
–Quarterly Net Revenue More Than Quadrupled Year-Over-Year to $455 Million–
–Fourth Quarter Net Income of $184 Million; $1.33 per Share—
· Record quarterly origination volume of $24 billion, nearly tripling volume from the fourth quarter of 2019, and up 32% versus the third quarter of 2020
· Market share of 8.2% in the wholesale channel, up from 4.5% in the fourth quarter of 2019, and up from 7.3% in the third quarter of 20201
· Total revenue, net of $455 million, a 370% increase from the year-ago quarter, and an 11% decline from the third quarter of 2020
· Net income of $185 million (or $1.33 per share), up from $16 million (or $0.12 per share) year-over-year, and down from $264 million (or $1.90 per share) in the third quarter of 2020
· Servicing customers of 359,323, up 52% from year-end 2019, and up 17% from the third quarter of 2020
· Servicing portfolio UPB of $91.5 billion, up 75% from year-end 2019, and up 24% from the third quarter of 2020
4.45 Earnings full year… this is not a TYPO!!!!!
Good luck everyone. I am myself taking advantage you can do your own research and make a decision. I have traded HMPT so much and love it!
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Submitted April 03, 2021 at 08:32PM by UltimateTraders https://ift.tt/2PpMnhy
