Guild (NYSE:GHLD) Stock Price Down 3.5% – Here’s What Happened

Guild Holdings (NYSE:GHLD)’s share price fell 3.5% during mid-day trading on Monday . The company traded as low as $15.10 and last traded at $15.10. 7,828 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 12,459 shares. The stock had previously closed at $15.64.

Wall Street Analysts Forecast Growth

GHLD has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. Wedbush increased their price target on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. JMP Securities lifted their price target on Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a research note on Friday, June 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Guild from $16.00 to $17.00 and gave the company an “underweight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Guild presently has an average rating of “Hold” and a consensus price target of $17.50.

Guild Stock Down 2.1 %

The company has a market cap of $939.18 million, a P/E ratio of 37.24, a PEG ratio of 0.30 and a beta of 1.04. The stock’s 50-day moving average price is $16.22 and its 200-day moving average price is $15.03. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76.

Guild (NYSE:GHLD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.21. Guild had a return on equity of 5.83% and a net margin of 3.28%. The firm had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $257.97 million. As a group, research analysts forecast that Guild Holdings will post 1.41 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GHLD. Bridges Investment Management Inc. purchased a new position in Guild in the second quarter valued at about $10,497,000. O Shaughnessy Asset Management LLC purchased a new position in Guild during the first quarter valued at approximately $149,000. Renaissance Technologies LLC increased its holdings in Guild by 8.2% during the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after acquiring an additional 2,100 shares during the period. Empowered Funds LLC lifted its stake in 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 in the last quarter. Finally, Donald Smith & CO. Inc. grew its position in shares of Guild by 2.1% during the 1st quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after purchasing an additional 9,126 shares in the last quarter. Institutional investors own 17.52% of the company’s stock.

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.