Guild (NYSE:GHLD) Stock Price Down 0.4% – Here’s What Happened

Guild Holdings (NYSE:GHLD)’s stock price was down 0.4% during mid-day trading on Friday . The stock traded as low as $13.69 and last traded at $13.69. Approximately 359 shares were traded during trading, a decline of 90% from the average daily volume of 3,477 shares. The stock had previously closed at $13.75.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Wells Fargo & Company cut their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, Wedbush reiterated an “outperform” rating and set a $20.00 target price on shares of Guild in a research report 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 company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.50.

Guild Price Performance

The firm has a 50-day moving average price of $13.87 and a 200 day moving average price of $14.92. The stock has a market capitalization of $851.61 million, a P/E ratio of -8.88, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Castleview Partners LLC bought a new position in shares of Guild during the 3rd quarter valued at $79,000. Renaissance Technologies LLC boosted its position in Guild by 8.2% during the second 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. Geode Capital Management LLC grew its stake in shares of Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after buying an additional 1,901 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares during the period. Finally, Bridges Investment Management Inc. bought a new stake in shares of Guild in the 2nd quarter valued at about $10,497,000. 17.52% of the stock is owned by hedge funds and other institutional investors.

Guild Company Profile

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.