Guild Holdings (NYSE:GHLD) Sees Significant Decrease in Short Interest

Guild Holdings (NYSE:GHLD) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 2,400 shares, a drop of 7.7% from the October 31st total of 2,600 shares. Based on an average daily volume of 15,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Guild Stock Performance

GHLD stock traded up $0.12 during midday trading on Monday, reaching $13.62. 6,028 shares of the company’s stock traded hands, compared to its average volume of 12,858. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. Guild has a 52-week low of $11.04 and a 52-week high of $18.25. The stock has a market cap of $842.89 million, a P/E ratio of -8.79, a PEG ratio of 0.31 and a beta of 1.07. The stock’s 50-day moving average is $14.95 and its 200 day moving average is $15.07.

Analyst Ratings Changes

A number of brokerages have recently issued reports on GHLD. JPMorgan Chase & Co. dropped their price target on shares of Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Guild in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.80.

Institutional Investors Weigh In On Guild

Several hedge funds and other institutional investors have recently modified their holdings of GHLD. Castleview Partners LLC bought a new stake in Guild during the third quarter valued at about $79,000. Renaissance Technologies LLC grew its stake in shares of Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the period. Geode Capital Management LLC increased its holdings in Guild by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Empowered Funds LLC raised its stake in Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after acquiring an additional 13,668 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in Guild during the second quarter valued at approximately $10,497,000. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.