Guild (NYSE:GHLD) Sets New 12-Month High at $17.60

Guild Holdings (NYSE:GHLD)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $17.60 and last traded at $17.60, with a volume of 396 shares traded. The stock had previously closed at $17.19.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GHLD shares. Wells Fargo & Company raised their price target on Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Friday, August 9th. JMP Securities raised their price objective on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a report on Friday, June 28th. Wedbush upped their target price on Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Guild from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Guild presently has an average rating of “Hold” and an average target price of $17.30.

Guild Stock Performance

The company has a market cap of $1.05 billion, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 0.30 and a beta of 1.03. The business has a 50 day moving average price of $14.89 and a two-hundred day moving average price of $14.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 0.08 and a current ratio of 0.08.

Insider Buying and Selling at Guild

In other news, COO David Manuel Neylan acquired 1,984 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average price of $16.12 per share, for a total transaction of $31,982.08. Following the completion of the transaction, the chief operating officer now owns 396,597 shares of the company’s stock, valued at $6,393,143.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Terry Lynn Schmidt acquired 3,630 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was acquired at an average cost of $16.12 per share, for a total transaction of $58,515.60. Following the acquisition, the chief executive officer now owns 2,798,606 shares of the company’s stock, valued at $45,113,528.72. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO David Manuel Neylan bought 1,984 shares of the business’s stock in a transaction dated Thursday, June 6th. The shares were bought at an average cost of $16.12 per share, for a total transaction of $31,982.08. Following the purchase, the chief operating officer now directly owns 396,597 shares in the company, valued at approximately $6,393,143.64. The disclosure for this purchase can be found here. Insiders bought 12,248 shares of company stock valued at $197,438 in the last quarter. Company insiders own 77.98% of the company’s stock.

Hedge Funds Weigh In On Guild

Institutional investors have recently bought and sold shares of the stock. Bridges Investment Management Inc. purchased a new position in shares of Guild during the 2nd quarter worth approximately $10,497,000. Empowered Funds LLC raised its holdings in Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after purchasing an additional 17,992 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Guild during the first quarter valued at $149,000. Donald Smith & CO. Inc. lifted its position in Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after buying an additional 9,126 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Guild by 8.2% during 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 in the last quarter. 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.