Wolverine Asset Management LLC Acquires Shares of 3,300 Guild Holdings Company $GHLD

Wolverine Asset Management LLC acquired a new stake in shares of Guild Holdings Company (NYSE:GHLD) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 3,300 shares of the company’s stock, valued at approximately $65,000.

Several other large investors have also bought and sold shares of the company. Credit Industriel ET Commercial bought a new stake in shares of Guild in the 2nd quarter worth approximately $1,582,000. Donald Smith & CO. Inc. boosted its position in shares of Guild by 10.5% in the 1st quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company’s stock worth $5,828,000 after purchasing an additional 36,183 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Guild by 4.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company’s stock worth $10,054,000 after purchasing an additional 28,482 shares in the last quarter. 17.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

GHLD has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Guild in a research report on Wednesday, October 8th. Jefferies Financial Group cut Guild from a “buy” rating to a “hold” rating and boosted their price target for the stock from $16.00 to $20.00 in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Guild from $12.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, July 11th. BTIG Research restated a “neutral” rating on shares of Guild in a report on Thursday, August 21st. Finally, Zacks Research upgraded shares of Guild from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.42.

Guild Price Performance

Shares of NYSE GHLD opened at $19.89 on Tuesday. Guild Holdings Company has a twelve month low of $11.21 and a twelve month high of $23.57. The firm has a market cap of $1.24 billion, a P/E ratio of 50.99, a PEG ratio of 1.06 and a beta of 0.93. The company has a 50 day moving average of $19.92 and a 200 day moving average of $17.97. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 1.03.

Guild Dividend Announcement

The business also recently announced a special dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. Guild’s payout ratio is currently 256.41%.

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.