Guild (NYSE:GHLD) Sees Large Volume Increase – Time to Buy?

Guild Holdings (NYSE:GHLD) shares saw an uptick in trading volume on Friday . 4,713 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 4,698 shares.The stock last traded at $12.43 and had previously closed at $12.15.

Wall Street Analyst Weigh In

GHLD has been the topic of a number of recent research reports. Wedbush restated an “outperform” rating and set a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. Compass Point boosted their price target on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Wells Fargo & Company decreased their price target on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Guild from $13.00 to $11.50 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.67.

Guild Trading Up 0.1 %

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 business has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $14.50. The stock has a market cap of $770.53 million, a price-to-earnings ratio of -8.03, a price-to-earnings-growth ratio of 0.26 and a beta of 0.98.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its position in shares of Guild by 5.3% during the third 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 during the last quarter. Basswood Capital Management L.L.C. raised its stake in 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 buying an additional 69,603 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Guild by 2.0% during the 3rd 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 during the last quarter. HighTower Advisors LLC grew its position in shares of Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after acquiring an additional 101,209 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its holdings in shares of Guild by 0.4% in the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock valued at $4,864,000 after acquiring an additional 1,535 shares during the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

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.