Guild (NYSE:GHLD) Shares Gap Down – Should You Sell?

Shares of Guild Holdings (NYSE:GHLD) gapped down prior to trading on Monday . The stock had previously closed at $14.43, but opened at $13.45. Guild shares last traded at $13.70, with a volume of 12,824 shares trading hands.

Analysts Set New Price Targets

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

Guild Stock Down 4.6 %

The firm has a 50 day moving average of $12.79 and a 200 day moving average of $14.05. The firm has a market cap of $852.42 million, a price-to-earnings ratio of -8.88, a PEG ratio of 0.27 and a beta of 0.98. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

Guild Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 14.52%. Guild’s payout ratio is currently 64.94%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in shares of Guild by 18.6% in the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after purchasing an additional 6,134 shares in the last quarter. Bayview Asset Management LLC lifted its holdings in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company’s stock valued at $22,517,000 after purchasing an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 3.2% in 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 purchasing an additional 20,848 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after purchasing an additional 1,709 shares in the last quarter. Institutional investors own 17.52% of the company’s stock.

About Guild

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.