Guild (NYSE:GHLD) Shares Gap Down – What’s Next?

Guild Holdings (NYSE:GHLD)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.51, but opened at $13.05. Guild shares last traded at $13.59, with a volume of 1,205 shares.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Guild from $11.50 to $12.50 and gave the company an “underweight” rating in a research report on Friday, March 7th. Compass Point lifted their target price on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.60.

Guild Price Performance

The business has a fifty day simple moving average of $12.79 and a 200-day simple moving average of $14.19. The stock has a market capitalization of $849.69 million, a P/E ratio of -8.86, a PEG ratio of 0.27 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Guild Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 14.57%. The ex-dividend date of this dividend is Monday, March 17th. Guild’s payout ratio is 64.94%.

Hedge Funds Weigh In On Guild

A number of institutional investors and hedge funds have recently made changes to their positions in GHLD. Bayview Asset Management LLC increased its position in Guild by 6.4% in the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock valued at $22,517,000 after buying an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. increased its holdings in shares of Guild by 3.2% during the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company’s stock valued at $9,521,000 after acquiring an additional 20,848 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its position in shares of Guild by 5.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock worth $8,870,000 after purchasing an additional 31,540 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 0.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after purchasing an additional 1,535 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares in 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.