Guild (NYSE:GHLD) Stock Price Down 3.4%

Guild Holdings (NYSE:GHLD) dropped 3.4% during mid-day trading on Monday . The company traded as low as $13.50 and last traded at $13.50. Approximately 1,996 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 9,722 shares. The stock had previously closed at $13.98.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GHLD. BTIG Research began coverage on Guild in a research report on Wednesday, February 21st. They issued a “buy” rating and a $18.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Guild from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a report on Wednesday, April 3rd. Finally, Wells Fargo & Company upped their price objective on Guild from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 13th.

Guild Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $857.23 million, a price-to-earnings ratio of -21.68 and a beta of 1.03. The business’s 50 day moving average price is $14.23 and its 200-day moving average price is $13.57.

Guild (NYSE:GHLD) last posted its earnings results on Tuesday, March 12th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.08 by $0.09. The company had revenue of $57.23 million during the quarter, compared to analyst estimates of $164.82 million. Guild had a positive return on equity of 3.57% and a negative net margin of 5.95%. Equities analysts expect that Guild Holdings will post 1.26 EPS for the current year.

Institutional Investors Weigh In On Guild

A number of hedge funds and other institutional investors have recently modified their holdings of GHLD. HighTower Advisors LLC acquired a new position in Guild during the third quarter worth about $358,000. GoodHaven Capital Management LLC grew its position in Guild by 7.8% in the third quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock worth $1,917,000 after buying an additional 12,634 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after acquiring an additional 17,992 shares during the last quarter. Donald Smith & CO. Inc. boosted its stake in shares of Guild by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock worth $6,083,000 after acquiring an additional 5,800 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its holdings in shares of Guild by 2.3% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock worth $12,874,000 after acquiring an additional 26,510 shares during the last quarter. 17.52% of the stock is currently owned by institutional investors.

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.