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

Guild Holdings (NYSE:GHLD) shares gapped down prior to trading on Monday . The stock had previously closed at $12.44, but opened at $11.21. Guild shares last traded at $12.30, with a volume of 7,029 shares trading hands.

Analyst Upgrades and Downgrades

GHLD has been the topic of a number of recent analyst reports. Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. JPMorgan Chase & Co. reduced their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company lowered their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.20.

Guild Trading Down 0.9 %

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The company has a market cap of $785.33 million, a P/E ratio of -8.19, a P/E/G ratio of 0.32 and a beta of 1.00. The business has a 50-day moving average price of $13.73 and a two-hundred day moving average price of $14.82.

Institutional Trading of Guild

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its stake in shares of Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares during the last quarter. Bridges Investment Management Inc. bought a new position in Guild in the second quarter valued at approximately $10,497,000. Castleview Partners LLC acquired a new stake in Guild during the 3rd quarter worth $79,000. Empowered Funds LLC lifted its stake in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. lifted its stake 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 period. 17.52% of the stock is owned by institutional investors.

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.