Guild (NYSE:GHLD) Shares Down 3.4%

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

Wall Street Analysts Forecast Growth

GHLD has been the subject of several recent analyst reports. 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 research report on Wednesday, March 13th. JPMorgan Chase & Co. cut shares of Guild from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a research note on Wednesday, April 3rd. Finally, BTIG Research initiated coverage on Guild in a research report on Wednesday, February 21st. They set a “buy” rating and a $18.00 price objective on the stock.

Guild Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.85, a current ratio of 0.20 and a quick ratio of 0.20. The company 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 fifty day moving average price is $14.23 and its 200 day moving average price is $13.57.

Guild (NYSE:GHLD) last posted its quarterly earnings data on Tuesday, March 12th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.09. Guild had a positive return on equity of 3.57% and a negative net margin of 5.95%. The company had revenue of $57.23 million for the quarter, compared to analyst estimates of $164.82 million. Research analysts anticipate that Guild Holdings will post 1.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC bought a new position in shares of Guild during the 3rd quarter worth about $358,000. GoodHaven Capital Management LLC grew its holdings in shares of Guild by 7.8% during the third quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock valued at $1,917,000 after buying an additional 12,634 shares during the last quarter. Empowered Funds LLC increased its position in shares of Guild by 8.2% during the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after acquiring an additional 17,992 shares in the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Guild by 1.4% in 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 during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in Guild by 2.3% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock valued at $12,874,000 after purchasing an additional 26,510 shares during the last quarter. 17.52% of the stock is 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.