Guild Holdings (NYSE:GHLD) Short Interest Update

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

Wall Street Analysts Forecast Growth

GHLD has been the subject of several recent research reports. Wells Fargo & Company decreased 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 report on Thursday, November 7th. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. cut their target price on shares of Guild from $17.00 to $14.50 and set an “underweight” rating for the company in a research report on Thursday, November 7th. One equities research 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $16.80.

Institutional Investors Weigh In On Guild

Several hedge funds have recently made changes to their positions in GHLD. Renaissance Technologies LLC increased its stake in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after purchasing an additional 2,100 shares in the last quarter. Bridges Investment Management Inc. purchased a new position in Guild in the 2nd quarter worth approximately $10,497,000. Castleview Partners LLC bought a new position in Guild in the 3rd quarter valued at approximately $79,000. Empowered Funds LLC raised its stake in shares of Guild by 5.3% in the third 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 last quarter. Finally, Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors.

Guild Trading Down 0.1 %

NYSE:GHLD traded down $0.02 during midday trading on Wednesday, reaching $13.50. 1,480 shares of the stock traded hands, compared to its average volume of 12,770. The stock has a market capitalization of $835.52 million, a P/E ratio of -8.71, a PEG ratio of 0.32 and a beta of 1.02. The company has a fifty day moving average of $14.81 and a 200 day moving average of $15.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. Guild has a 12 month low of $11.04 and a 12 month high of $18.25.

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.