Guild (NYSE:GHLD) Trading Down 0.4% – Here’s What Happened

Guild Holdings (NYSE:GHLD)’s share price fell 0.4% during trading on Friday . The stock traded as low as $13.69 and last traded at $13.69. 359 shares were traded during trading, a decline of 90% from the average session volume of 3,477 shares. The stock had previously closed at $13.75.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their target price on Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Guild presently has an average rating of “Hold” and a consensus target price of $16.50.

Guild Price Performance

The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock has a 50 day simple moving average of $13.88 and a 200-day simple moving average of $14.92. The firm has a market cap of $850.93 million, a PE ratio of -8.87, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Castleview Partners LLC bought a new stake in shares of Guild in the 3rd quarter valued at about $79,000. Renaissance Technologies LLC grew its holdings in Guild by 8.2% in 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 increased its position 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 in the last quarter. Empowered Funds LLC lifted its holdings in shares of Guild by 5.3% during 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 last quarter. Finally, Bridges Investment Management Inc. purchased a new position in Guild during the 2nd quarter worth $10,497,000. 17.52% of the stock is currently 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.