Guild (NYSE:GHLD) Sees Strong Trading Volume – Here’s Why

Guild Holdings (NYSE:GHLD) saw strong trading volume on Friday . 9,605 shares traded hands during trading, a decline of 4% from the previous session’s volume of 9,957 shares.The stock last traded at $12.72 and had previously closed at $12.60.

Analysts Set New Price Targets

Several brokerages recently weighed in on GHLD. Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Guild in a report on Thursday, November 7th. JPMorgan Chase & Co. reduced their price objective on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wells Fargo & Company lowered their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. Finally, Compass Point upped their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Performance

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 stock has a market capitalization of $787.24 million, a price-to-earnings ratio of -8.21, a PEG ratio of 0.26 and a beta of 1.00. The firm has a fifty day moving average of $13.53 and a 200-day moving average of $14.75.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. 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 worth $10,875,000 after acquiring an additional 69,603 shares during the last quarter. Empowered Funds LLC grew its position in shares of 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 purchasing an additional 13,668 shares during the period. Geode Capital Management LLC increased its stake in Guild by 2.0% in the third 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. Renaissance Technologies LLC lifted its position in 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 buying an additional 2,100 shares during the period. Finally, Castleview Partners LLC acquired a new stake in Guild in the 3rd quarter worth about $79,000. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.