Guild (NYSE:GHLD) Reaches New 12-Month Low – Here’s What Happened

Guild Holdings (NYSE:GHLD)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $12.56 and last traded at $12.56, with a volume of 628 shares traded. The stock had previously closed at $13.40.

Analysts Set New Price Targets

Several research firms have weighed in on GHLD. Wells Fargo & Company cut their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their target price on shares of Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Finally, Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.50.

Guild Price Performance

The firm has a market capitalization of $764.29 million, a P/E ratio of -7.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm has a 50 day moving average price of $13.80 and a 200-day moving average price of $14.86.

Institutional Investors Weigh In On Guild

Several institutional investors have recently made changes to their positions in GHLD. Geode Capital Management LLC boosted its holdings in Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares during the period. Renaissance Technologies LLC lifted its position in shares of Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the last quarter. Castleview Partners LLC purchased a new stake in shares of Guild during the third quarter valued at $79,000. Empowered Funds LLC boosted its stake in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. grew its holdings in shares of Guild by 11.9% in the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after purchasing 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.