The Law Offices of Frank R. Cruz Announces Investigation of Home Point Capital Inc. (HMPT) on Behalf of Investors

By: The Law Offices of Frank R. Cruz via Business Wire

June 23, 2021 at 13:29 PM EDT

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The Law Offices of Frank R. Cruz announces an investigation of Home Point Capital Inc. (“Home Point” or the “Company”) (NASDAQ: HMPT) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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In January 2021, Home Point conducted its initial public offering (“IPO”), selling 7.25 million shares of common stock for $13.00 per share.

On May 6, 2021, Home Point announced financial results for the first quarter of 2021, reporting revenue of $324.2 million, which missed consensus estimates by $41.72 million.

On this news, Home Point's stock price fell $1.66, or 17.7%, to close at $7.72 per share on May 6, 2021, significantly below the IPO price.

If you purchased Home Point common stock pursuant and/or traceable to the IPO, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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