Short Interest in Guild Holdings (NYSE:GHLD) Drops By 24.5%

Guild Holdings (NYSE:GHLD) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,300 shares, a decrease of 24.5% from the January 15th total of 16,300 shares. Based on an average trading volume of 11,200 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.1% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price objective on Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a research note on Thursday, November 7th. Finally, Compass Point lifted their price target on shares of Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $16.67.

Guild Trading Down 1.4 %

GHLD opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. Guild has a one year low of $11.21 and a one year high of $18.25. The company has a market cap of $762.18 million, a P/E ratio of -7.95, a PEG ratio of 0.26 and a beta of 0.98. The business’s 50-day simple moving average is $13.19 and its 200-day simple moving average is $14.57.

Hedge Funds Weigh In On Guild

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GHLD. Donald Smith & CO. Inc. boosted its holdings in shares of Guild by 0.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock valued at $4,864,000 after buying an additional 1,535 shares in the last quarter. Geode Capital Management LLC boosted 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 in the last quarter. Castleview Partners LLC acquired a new position in Guild in the third quarter valued at $79,000. Empowered Funds LLC grew its holdings in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Finally, Basswood Capital Management L.L.C. increased its position in shares of Guild by 11.9% during the third 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. 17.52% of the stock is owned by institutional investors and hedge funds.

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.