Guild (NYSE:GHLD) Shares Gap Down – Here’s Why

Guild Holdings (NYSE:GHLD) shares gapped down prior to trading on Monday . The stock had previously closed at $14.41, but opened at $14.00. Guild shares last traded at $14.00, with a volume of 927 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Guild from $16.00 to $17.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Wedbush increased their price objective on Guild from $17.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company boosted their target price on Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Friday, August 9th. One 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.50.

Guild Price Performance

The firm has a market capitalization of $863.14 million, a PE ratio of 33.48, a P/E/G ratio of 0.25 and a beta of 1.07. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.76. The company has a fifty day moving average price of $15.84 and a two-hundred day moving average price of $15.07.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.21. The company had revenue of $285.69 million during the quarter, compared to analysts’ expectations of $257.97 million. Guild had a return on equity of 5.83% and a net margin of 3.28%. Sell-side analysts forecast that Guild Holdings will post 1.49 earnings per share for the current year.

Institutional Investors Weigh In On Guild

Several hedge funds have recently made changes to their positions in GHLD. Renaissance Technologies LLC increased its position in Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the period. Castleview Partners LLC acquired a new position in shares of Guild in the third quarter valued at approximately $79,000. Donald Smith & CO. Inc. raised its stake in shares of Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after purchasing an additional 9,126 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Guild in the 1st quarter valued at $149,000. Finally, Empowered Funds LLC increased its stake in Guild by 8.2% in the 1st quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after buying an additional 17,992 shares during the period. Institutional investors and hedge funds 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.