Guild (NYSE:GHLD) Sees Strong Trading Volume – Here’s What Happened

Guild Holdings (NYSE:GHLD) shares saw an uptick in trading volume on Monday . 11,880 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 12,809 shares.The stock last traded at $13.75 and had previously closed at $13.65.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on Guild from $17.00 to $14.50 and set an “underweight” rating for the company in a report on Thursday, November 7th. Finally, Wells Fargo & Company dropped their price objective 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. One 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 stock. According to MarketBeat.com, Guild presently has an average rating of “Hold” and a consensus target price of $16.80.

Guild Stock Down 0.2 %

The firm’s 50 day simple moving average is $15.15 and its two-hundred day simple moving average is $15.10. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

Institutional Trading of Guild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC grew 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 period. Basswood Capital Management L.L.C. lifted its holdings in shares of 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 in the last quarter. Empowered Funds LLC grew its position in Guild by 5.3% in the 3rd 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 during the period. Castleview Partners LLC bought a new stake in Guild during the 3rd quarter valued at $79,000. Finally, Bridges Investment Management Inc. acquired a new position in Guild during the second quarter worth $10,497,000. 17.52% of the stock is owned by institutional investors.

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.