SG Americas Securities LLC Takes Position in Guild Holdings Company $GHLD

SG Americas Securities LLC bought a new position in Guild Holdings Company (NYSE:GHLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 24,380 shares of the company’s stock, valued at approximately $482,000.

Several other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in Guild by 1.8% in the second quarter. Geode Capital Management LLC now owns 103,629 shares of the company’s stock worth $2,050,000 after buying an additional 1,828 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Guild during the 2nd quarter worth $65,000. Adage Capital Partners GP L.L.C. increased its stake in shares of Guild by 4.5% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company’s stock worth $10,054,000 after purchasing an additional 28,482 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in shares of Guild by 10.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company’s stock valued at $5,828,000 after purchasing an additional 36,183 shares in the last quarter. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Guild in the 2nd quarter valued at $1,582,000. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Guild Stock Up 0.7%

Shares of GHLD opened at $20.02 on Thursday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.06 and a current ratio of 0.06. The company has a 50-day simple moving average of $19.92 and a 200-day simple moving average of $18.76. Guild Holdings Company has a 52 week low of $11.21 and a 52 week high of $23.57. The firm has a market capitalization of $1.25 billion, a P/E ratio of 9.96, a P/E/G ratio of 1.06 and a beta of 0.93.

Guild (NYSE:GHLD) last issued its earnings results on Wednesday, November 5th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.23. Guild had a return on equity of 10.09% and a net margin of 10.88%.The business had revenue of $307.44 million during the quarter, compared to analyst estimates of $311.28 million. On average, equities research analysts expect that Guild Holdings Company will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on GHLD. Zacks Research downgraded shares of Guild from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Guild in a research note on Tuesday. Finally, BTIG Research restated a “neutral” rating on shares of Guild in a report on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.88.

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.