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

Shares of Guild Holdings (NYSE:GHLD) gapped down prior to trading on Wednesday . The stock had previously closed at $12.87, but opened at $12.54. Guild shares last traded at $12.49, with a volume of 527 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company dropped their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. Compass Point lifted their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Wedbush reissued an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Down 3.0 %

The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock has a market cap of $772.70 million, a P/E ratio of -8.05, a PEG ratio of 0.26 and a beta of 1.00. The firm has a 50-day simple moving average of $13.45 and a two-hundred day simple moving average of $14.72.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GHLD. Castleview Partners LLC acquired a new stake in Guild during the third quarter worth about $79,000. Renaissance Technologies LLC boosted its position 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 acquiring an additional 2,100 shares in the last quarter. Geode Capital Management LLC increased its stake in Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after acquiring an additional 1,901 shares during the last quarter. Empowered Funds LLC raised its position in Guild by 5.3% during the third 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 in the last quarter. Finally, Basswood Capital Management L.L.C. lifted its position 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 buying an additional 69,603 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.