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

Guild Holdings (NYSE:GHLD)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $12.87, but opened at $12.54. Guild shares last traded at $12.49, with a volume of 527 shares trading hands.

Analyst Upgrades and Downgrades

GHLD has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 7th. Wedbush reaffirmed an “outperform” rating and set a $20.00 price target on shares of Guild in a research note on Thursday, November 7th. Finally, Compass Point raised their price objective on Guild from $16.00 to $19.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Guild currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.67.

Guild Stock Performance

The firm has a market cap of $782.24 million, a P/E ratio of -8.15, a PEG ratio of 0.26 and a beta of 1.00. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average is $13.39 and its two-hundred day moving average is $14.69.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its holdings in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after buying an additional 1,901 shares in the last quarter. Renaissance Technologies LLC boosted 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 last quarter. Castleview Partners LLC bought a new stake in shares of Guild in the 3rd quarter worth $79,000. Empowered Funds LLC raised its holdings in shares of Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Finally, Basswood Capital Management L.L.C. lifted its position 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 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.