Guild (NYSE:GHLD) Sees Unusually-High Trading Volume – Time to Buy?

Guild Holdings (NYSE:GHLD) saw unusually-high trading volume on Wednesday . Approximately 43,005 shares were traded during trading, an increase of 199% from the previous session’s volume of 14,401 shares.The stock last traded at $12.73 and had previously closed at $12.72.

Wall Street Analysts Forecast Growth

GHLD has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday. Wedbush restated an “outperform” rating and issued a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. Finally, 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. One equities research 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.20.

Guild Stock Up 0.9 %

The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a 50 day simple moving average of $13.73 and a 200-day simple moving average of $14.82. The stock has a market capitalization of $794.00 million, a price-to-earnings ratio of -8.28, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bridges Investment Management Inc. acquired a new position in shares of Guild during the second quarter worth approximately $10,497,000. Basswood Capital Management L.L.C. raised its position in Guild by 11.9% in 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 last quarter. Empowered Funds LLC lifted its holdings in 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 buying an additional 13,668 shares in the last quarter. Castleview Partners LLC bought a new position in Guild in the 3rd quarter valued at $79,000. Finally, Renaissance Technologies LLC increased its stake in shares of Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after buying an additional 2,100 shares during the period. 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.