Guild Holdings (NYSE:GHLD) Short Interest Down 7.7% in November

Guild Holdings (NYSE:GHLD) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 2,400 shares, a decrease of 7.7% from the October 31st total of 2,600 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

GHLD has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and set a $20.00 price target on shares of Guild in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $16.80.

Guild Price Performance

Shares of NYSE:GHLD traded down $0.02 on Wednesday, reaching $13.50. The company’s stock had a trading volume of 1,596 shares, compared to its average volume of 12,770. Guild has a 52-week low of $11.04 and a 52-week high of $18.25. 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 company has a 50-day simple moving average of $14.81 and a 200 day simple moving average of $15.07. The company has a market cap of $835.52 million, a P/E ratio of -8.71, a PEG ratio of 0.32 and a beta of 1.02.

Hedge Funds Weigh In On Guild

A number of large investors have recently made changes to their positions in the company. Bridges Investment Management Inc. purchased a new position in shares of Guild during the 2nd quarter worth about $10,497,000. Basswood Capital Management L.L.C. boosted its stake in shares of Guild by 11.9% during the 3rd 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 period. Empowered Funds LLC boosted its stake 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 purchasing an additional 13,668 shares during the period. Geode Capital Management LLC boosted its stake in shares of Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after purchasing an additional 1,901 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of Guild by 8.2% during the 2nd 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 period. 17.52% of the stock is owned by hedge funds and other institutional investors.

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.