Guild (NYSE:GHLD) Shares Gap Down to $15.18

Guild Holdings (NYSE:GHLD) gapped down before the market opened on Thursday . The stock had previously closed at $15.18, but opened at $14.80. Guild shares last traded at $14.80, with a volume of 1,818 shares.

Analyst Upgrades and Downgrades

GHLD has been the subject of several analyst reports. Wedbush increased their price target on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Guild from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday. Wells Fargo & Company upped their target price on shares of Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Friday, August 9th. Finally, JMP Securities lifted their price target on shares of Guild from $14.00 to $16.50 and gave the company a “market outperform” rating in a research report on Friday, June 28th. One investment 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, the stock currently has an average rating of “Hold” and an average price target of $17.30.

Guild Stock Performance

The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. The stock has a fifty day moving average price of $14.68 and a two-hundred day moving average price of $14.46. The company has a market capitalization of $902.37 million, a price-to-earnings ratio of 36.14, a PEG ratio of 0.30 and a beta of 1.03.

Insider Activity at Guild

In related news, Director Edward Bryant, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $14.01, for a total transaction of $84,060.00. Following the transaction, the director now owns 26,816 shares of the company’s stock, valued at $375,692.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Edward Bryant, Jr. sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $14.01, for a total value of $84,060.00. Following the completion of the transaction, the director now directly owns 26,816 shares in the company, valued at $375,692.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Terry Lynn Schmidt bought 3,630 shares of Guild stock in a transaction that occurred on Thursday, June 6th. The shares were acquired at an average price of $16.12 per share, for a total transaction of $58,515.60. Following the completion of the transaction, the chief executive officer now directly owns 2,798,606 shares of the company’s stock, valued at approximately $45,113,528.72. The disclosure for this purchase can be found here. In the last quarter, insiders bought 12,248 shares of company stock valued at $197,438. 77.98% of the stock is owned by insiders.

Institutional Investors Weigh In On Guild

Several hedge funds have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC purchased a new position in Guild during the first quarter worth approximately $149,000. Renaissance Technologies LLC boosted its holdings in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock valued at $410,000 after acquiring an additional 2,100 shares during the last quarter. Empowered Funds LLC increased its stake in Guild by 8.2% during the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock worth $3,508,000 after acquiring an additional 17,992 shares during the last quarter. Donald Smith & CO. Inc. raised its holdings in Guild by 1.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 431,752 shares of the company’s stock valued at $6,083,000 after buying an additional 5,800 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in shares of Guild in the 2nd quarter valued at $10,497,000. 17.52% of the stock is owned by institutional investors and hedge funds.

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.