Guild Holdings (NYSE:GHLD) Sees Large Increase in Short Interest

Guild Holdings (NYSE:GHLDGet Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 15,700 shares, a growth of 57.0% from the May 15th total of 10,000 shares. Based on an average daily volume of 8,000 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.2% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

GHLD has been the topic of several research reports. Wedbush reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Guild in a research report on Friday, May 10th. BTIG Research began coverage on shares of Guild in a report on Wednesday, February 21st. They issued a “buy” rating and a $18.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of Guild from $12.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.60.

Get Our Latest Report on GHLD

Guild Price Performance

Shares of GHLD stock opened at $14.58 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81. The firm has a fifty day simple moving average of $14.26 and a 200-day simple moving average of $14.14. The company has a market capitalization of $894.34 million, a PE ratio of 34.71, a price-to-earnings-growth ratio of 0.28 and a beta of 1.04. Guild has a twelve month low of $9.59 and a twelve month high of $17.24.

Guild (NYSE:GHLDGet Free Report) last released its quarterly 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 during the quarter, compared to analyst estimates of $173.77 million. During the same quarter last year, the firm posted ($0.04) EPS. Equities research analysts anticipate that Guild will post 1.21 earnings per share for the current fiscal year.

Guild Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, June 6th. Stockholders of record on Monday, May 20th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 17th.

Insider Activity at Guild

In related news, Director Edward Bryant, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.01, for a total transaction of $84,060.00. Following the transaction, the director now owns 26,816 shares of the company’s stock, valued at $375,692.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Guild news, Director Edward Bryant, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $14.01, for a total value of $84,060.00. Following the sale, the director now directly owns 26,816 shares of the company’s stock, valued at approximately $375,692.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Terry Lynn Schmidt acquired 3,630 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average cost of $16.12 per share, with a total value of $58,515.60. Following the purchase, the chief executive officer now owns 2,798,606 shares in the company, valued at $45,113,528.72. The disclosure for this purchase can be found here. In the last quarter, insiders bought 13,370 shares of company stock valued at $214,346. 77.98% of the stock is owned by insiders.

Institutional Trading of Guild

Several institutional investors have recently added to or reduced their stakes in GHLD. O Shaughnessy Asset Management LLC acquired a new position in Guild during the 1st quarter worth $149,000. HighTower Advisors LLC bought a new stake in Guild in the third quarter valued at about $358,000. GoodHaven Capital Management LLC raised its stake in 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 in the last quarter. Empowered Funds LLC lifted its holdings in Guild by 8.2% during the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after buying an additional 17,992 shares during the last quarter. Finally, Donald Smith & CO. Inc. grew its position 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 in the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

About Guild

(Get Free Report)

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.

Further Reading

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