Guild (NYSE:GHLD) Shares Gap Up – Here’s What Happened

Shares of Guild Holdings (NYSE:GHLD) gapped up before the market opened on Tuesday . The stock had previously closed at $12.23, but opened at $12.61. Guild shares last traded at $12.37, with a volume of 2,302 shares.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Compass Point increased their price target on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Wells Fargo & Company reduced their target price on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their target price on Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 price target on shares of Guild in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $16.40.

Guild Stock Performance

The firm has a market capitalization of $759.34 million, a price-to-earnings ratio of -7.92, a price-to-earnings-growth 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. The firm’s 50-day moving average price is $12.90 and its two-hundred day moving average price is $14.34.

Institutional Investors Weigh In On Guild

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