Basswood Capital Management L.L.C. Has $10.88 Million Stock Position in Guild Holdings (NYSE:GHLD)

Basswood Capital Management L.L.C. raised its holdings in Guild Holdings (NYSE:GHLD) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 653,957 shares of the company’s stock after buying an additional 69,603 shares during the quarter. Basswood Capital Management L.L.C. owned 1.07% of Guild worth $10,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Empowered Funds LLC lifted its position in shares of Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the period. Castleview Partners LLC acquired a new position in shares of Guild during the third quarter valued at about $79,000. Bridges Investment Management Inc. bought a new position in shares of Guild during the 2nd quarter worth about $10,497,000. Finally, Renaissance Technologies LLC grew 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. 17.52% of the stock is currently owned by institutional investors.

Guild Stock Performance

Shares of GHLD stock opened at $13.50 on Monday. Guild Holdings has a one year low of $11.04 and a one year high of $18.25. The company has a market cap of $835.46 million, a P/E ratio of -8.71, a P/E/G ratio of 0.31 and a beta of 1.07. The firm has a 50-day moving average of $14.95 and a 200-day moving average of $15.07. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06.

Wall Street Analysts Forecast Growth

GHLD has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Guild from $17.00 to $14.50 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company dropped their price target on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Guild presently has a consensus rating of “Hold” and a consensus price target of $16.80.

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.