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

Shares of Guild Holdings (NYSE:GHLD) gapped down prior to trading 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 analyst reports. Compass Point boosted their price target on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wedbush reissued an “outperform” rating and issued a $20.00 target price on shares of Guild in a report on Thursday, November 7th. Finally, Wells Fargo & Company cut their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Trading Down 3.0 %

The company has a market cap of $772.70 million, a price-to-earnings ratio of -8.05, 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 current ratio of 0.06 and a quick ratio of 0.06. The business has a 50 day simple moving average of $13.45 and a 200 day simple moving average of $14.72.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Castleview Partners LLC bought a new stake in shares of Guild during the third quarter worth $79,000. Renaissance Technologies LLC lifted its position in Guild by 8.2% during 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. 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. Empowered Funds LLC grew its position in shares of 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 buying an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. raised its stake in shares of 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 buying an additional 69,603 shares during the last quarter. Institutional investors own 17.52% of the company’s stock.

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.