Guild (NYSE:GHLD) Trading Up 5.4%

Guild Holdings (NYSE:GHLD)’s stock price rose 5.4% on Tuesday . The stock traded as high as $14.57 and last traded at $14.57. Approximately 13,144 shares traded hands during mid-day trading, an increase of 28% from the average daily volume of 10,271 shares. The stock had previously closed at $13.83.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Wells Fargo & Company increased their target price on Guild from $12.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. downgraded Guild from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a research report on Wednesday, April 3rd. JMP Securities increased their target price on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday. Finally, Wedbush restated an “outperform” rating and set a $17.00 price objective on shares of Guild in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $16.10.

Guild Stock Up 2.5 %

The stock has a 50-day moving average price of $14.43 and a 200-day moving average price of $14.33. The company has a market capitalization of $869.80 million, a P/E ratio of 33.17, a P/E/G ratio of 0.29 and a beta of 1.03. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.08 and a quick ratio of 0.08.

Guild (NYSE:GHLD) last released its earnings results on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.11). Guild had a return on equity of 4.25% and a net margin of 3.41%. The business had revenue of $231.78 million for the quarter, compared to analyst estimates of $173.77 million. During the same period in the prior year, the business earned ($0.04) EPS. On average, research analysts predict that Guild Holdings will post 1.21 EPS for the current fiscal year.

Guild Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 20th were paid a $0.50 dividend. The ex-dividend date was Friday, May 17th.

Insider Buying and Selling at Guild

In related news, CFO Desiree Amber Kramer bought 1,636 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of $16.12 per share, with a total value of $26,372.32. Following the completion of the transaction, the chief financial officer now directly owns 260,913 shares in the company, valued at $4,205,917.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Desiree Amber Kramer bought 1,636 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average price of $16.12 per share, with a total value of $26,372.32. Following the completion of the transaction, the chief financial officer now directly owns 260,913 shares in the company, valued at $4,205,917.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary Ann Mcgarry bought 4,998 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The shares were bought at an average cost of $16.12 per share, for a total transaction of $80,567.76. Following the transaction, the director now owns 372,996 shares of the company’s stock, valued at $6,012,695.52. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 13,370 shares of company stock valued at $214,346. Company insiders own 78.51% of the company’s stock.

Institutional Trading of Guild

A number of hedge funds have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC bought a new stake in Guild during the first quarter worth $149,000. Donald Smith & CO. Inc. raised its stake in shares of Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after buying an additional 9,126 shares during the period. Empowered Funds LLC raised its stake in shares of Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after buying an additional 17,992 shares during the period. Adage Capital Partners GP L.L.C. raised its stake in shares of Guild by 2.3% in the third 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 buying an additional 26,510 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Guild in the third quarter valued at $358,000. 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.