Guild (NYSE:GHLD) Sees Unusually-High Trading Volume

Guild Holdings (NYSE:GHLD) saw strong trading volume on Monday . 10,338 shares traded hands during trading, a decline of 12% from the previous session’s volume of 11,722 shares.The stock last traded at $15.62 and had previously closed at $15.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on GHLD shares. JPMorgan Chase & Co. increased their price target on shares of Guild from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, August 12th. Wells Fargo & Company raised their price target on shares of Guild from $15.00 to $17.00 and gave the company an “equal weight” rating in a report on Friday, August 9th. Wedbush upped their price target on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Finally, JMP Securities lifted their price objective on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, June 28th. One equities 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. Based on data from MarketBeat.com, Guild has a consensus rating of “Hold” and an average price target of $17.30.

Guild Price Performance

The business’s fifty day moving average price is $14.70 and its 200-day moving average price is $14.47. The company has a market capitalization of $963.10 million, a P/E ratio of 37.21, a P/E/G ratio of 0.30 and a beta of 1.03. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.81.

Insiders Place Their Bets

In other Guild news, COO David Manuel Neylan purchased 1,984 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were purchased at an average cost of $16.12 per share, with a total value of $31,982.08. Following the completion of the purchase, the chief operating officer now owns 396,597 shares of the company’s stock, valued at approximately $6,393,143.64. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Edward Bryant, Jr. sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $14.01, for a total transaction of $84,060.00. Following the transaction, the director now directly owns 26,816 shares in the company, valued at approximately $375,692.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO David Manuel Neylan purchased 1,984 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was bought at an average cost of $16.12 per share, for a total transaction of $31,982.08. Following the completion of the purchase, the chief operating officer now directly owns 396,597 shares in the company, valued at $6,393,143.64. The disclosure for this purchase can be found here. Insiders bought a total of 12,248 shares of company stock valued at $197,438 over the last 90 days. Insiders own 77.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GHLD. O Shaughnessy Asset Management LLC bought a new stake in shares of Guild in the 1st quarter worth approximately $149,000. Renaissance Technologies LLC raised its holdings in Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Guild by 8.2% in the 1st 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 during the period. Donald Smith & CO. Inc. boosted its stake in shares of Guild by 1.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock valued at $6,083,000 after purchasing an additional 5,800 shares in the last quarter. Finally, Bridges Investment Management Inc. bought a new stake in shares of Guild during the 2nd quarter valued at about $10,497,000. Institutional investors own 17.52% of the company’s stock.

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.