Guild (NYSE:GHLD) Shares Gap Down – Time to Sell?

Guild Holdings (NYSE:GHLD)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $13.51, but opened at $13.05. Guild shares last traded at $13.59, with a volume of 1,205 shares traded.

Analysts Set New Price Targets

Several brokerages have recently issued reports on GHLD. Compass Point boosted their price target on shares of Guild from $16.00 to $19.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on shares of Guild from $11.50 to $12.50 and gave the company an “underweight” rating in a report on Friday, March 7th. 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. Based on data from MarketBeat.com, Guild presently has a consensus rating of “Hold” and a consensus target price of $16.60.

Guild Trading Down 0.1 %

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $12.77 and its 200 day simple moving average is $14.16. The stock has a market capitalization of $814.42 million, a P/E ratio of -8.49, a PEG ratio of 0.27 and a beta of 0.98.

Guild Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 15.20%. The ex-dividend date of this dividend is Monday, March 17th. Guild’s dividend payout ratio (DPR) is presently 64.94%.

Institutional Investors Weigh In On Guild

Hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock worth $218,000 after buying an additional 2,421 shares during the period. Citadel Advisors LLC grew its stake in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock valued at $237,000 after acquiring an additional 6,134 shares in the last quarter. Northern Trust Corp grew its stake in Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock valued at $316,000 after acquiring an additional 1,709 shares in the last quarter. Geode Capital Management LLC grew its stake 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 acquiring an additional 1,901 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after buying an additional 101,209 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors.

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.