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

Guild Holdings (NYSE:GHLD) gapped down before the market opened on Wednesday . The stock had previously closed at $12.87, but opened at $12.54. Guild shares last traded at $12.49, with a volume of 527 shares.

Analyst Upgrades and Downgrades

GHLD has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. Compass Point boosted their target price on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Wells Fargo & Company reduced their price target on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Guild presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Up 1.5 %

The stock’s fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $14.69. The stock has a market capitalization of $782.24 million, a P/E ratio of -8.15, a price-to-earnings-growth ratio of 0.26 and a beta of 1.00. 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 Investors Weigh In On Guild

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Guild by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,901 shares during the last quarter. Basswood Capital Management L.L.C. boosted its position in Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after acquiring an additional 69,603 shares during the last quarter. Empowered Funds LLC grew its holdings 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. Castleview Partners LLC bought a new position in shares of Guild in the 3rd quarter worth about $79,000. Finally, Renaissance Technologies LLC lifted 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 period. Institutional investors own 17.52% of the company’s stock.

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.