Guild Holdings (NYSE:GHLD) Short Interest Update

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

Analysts Set New Price Targets

Several research firms have weighed in on GHLD. Wells Fargo & Company decreased 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 report on Thursday, November 7th. Wedbush reiterated 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. lowered their price objective on Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.80.

Guild Price Performance

GHLD traded down $0.02 during trading on Wednesday, hitting $13.50. 1,480 shares of the company traded hands, compared to its average volume of 12,770. The company has a market cap of $835.52 million, a PE ratio of -8.71, a P/E/G ratio of 0.32 and a beta of 1.02. Guild has a 1 year low of $11.04 and a 1 year high of $18.25. 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’s 50-day simple moving average is $14.81 and its two-hundred day simple moving average is $15.07.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares during the period. Basswood Capital Management L.L.C. grew its stake in Guild by 11.9% in 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 purchasing an additional 69,603 shares during the last quarter. Empowered Funds LLC boosted its stake in Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares in the last quarter. Castleview Partners LLC purchased a new position in Guild during the 3rd quarter worth $79,000. Finally, Bridges Investment Management Inc. purchased a new stake in shares of Guild during the second quarter worth about $10,497,000. Hedge funds and other 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.