Guild (NYSE:GHLD) Sees Large Volume Increase – Time to Buy?

Shares of Guild Holdings (NYSE:GHLD) saw an uptick in trading volume on Monday . 11,880 shares were traded during mid-day trading, a decline of 7% from the previous session’s volume of 12,809 shares.The stock last traded at $13.75 and had previously closed at $13.65.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GHLD. Wedbush reissued an “outperform” rating and issued a $20.00 price target on shares of Guild in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price target on shares of Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price target on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.80.

Guild Price Performance

The company’s 50 day moving average price is $15.27 and its 200 day moving average price is $15.11. The company has a market cap of $853.46 million, a price-to-earnings ratio of -8.81, a P/E/G ratio of 0.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bridges Investment Management Inc. acquired a new position in Guild during the 2nd quarter worth about $10,497,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Guild during the 1st quarter worth approximately $149,000. 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. Castleview Partners LLC acquired a new position in Guild in the third quarter valued at approximately $79,000. Finally, Renaissance Technologies LLC boosted its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds 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.