Guild (NYSE:GHLD) Shares Gap Down – Here’s Why

Guild Holdings (NYSE:GHLD) gapped down before the market opened on Friday . The stock had previously closed at $14.14, but opened at $13.56. Guild shares last traded at $13.48, with a volume of 7,416 shares.

Wall Street Analyst Weigh In

GHLD has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. reduced their target price on shares of Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Guild has a consensus rating of “Hold” and a consensus target price of $16.50.

Guild Stock Down 1.0 %

The firm has a 50-day moving average price of $13.98 and a two-hundred day moving average price of $14.95. The firm has a market cap of $866.40 million, a price-to-earnings ratio of -9.03, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Trading of Guild

Several institutional investors have recently modified their holdings of GHLD. Castleview Partners LLC purchased a new position in shares of Guild in the 3rd quarter valued at $79,000. Renaissance Technologies LLC grew its holdings in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after purchasing an additional 1,901 shares during the last quarter. Empowered Funds LLC increased its position in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares in the last quarter. Finally, Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 11.9% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares during the last quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Guild Company Profile

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.