Guild (NYSE:GHLD) Sets New 12-Month Low – Here’s Why

Guild Holdings (NYSE:GHLD)’s stock price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.56 and last traded at $12.56, with a volume of 628 shares. The stock had previously closed at $13.40.

Analyst Ratings Changes

GHLD has been the topic of several research reports. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Guild in a report on Thursday, November 7th. JPMorgan Chase & Co. cut their price objective on Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Finally, Wells Fargo & Company lowered their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.50.

Guild Trading Down 9.0 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market capitalization of $755.01 million, a P/E ratio of -7.87, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. The firm has a 50-day moving average of $13.83 and a 200-day moving average of $14.88.

Hedge Funds Weigh In On Guild

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bridges Investment Management Inc. bought a new position in shares of Guild in the 2nd quarter worth about $10,497,000. Basswood Capital Management L.L.C. lifted its holdings in shares of Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock valued at $10,875,000 after purchasing an additional 69,603 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after purchasing an additional 13,668 shares in the last quarter. Geode Capital Management LLC increased its position in Guild by 2.0% during the 3rd 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake 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. 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.