Guild (NYSE:GHLD) Shares Gap Down to $12.67

Shares of Guild Holdings (NYSE:GHLD) gapped down before the market opened on Monday . The stock had previously closed at $12.67, but opened at $12.39. Guild shares last traded at $12.39, with a volume of 1,450 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Guild from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 9th. JPMorgan Chase & Co. downgraded shares of Guild from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $15.50 to $13.00 in a research note on Tuesday, October 17th.

Guild Stock Performance

The company has a quick ratio of 0.14, a current ratio of 0.16 and a debt-to-equity ratio of 0.50. The stock has a market cap of $757.60 million, a P/E ratio of 19.98 and a beta of 0.94. The firm’s 50-day moving average is $11.21 and its two-hundred day moving average is $11.34.

Institutional Investors Weigh In On Guild

Large investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. grew its holdings in Guild by 43.3% during the first quarter. Donald Smith & CO. Inc. now owns 169,826 shares of the company’s stock valued at $1,766,000 after purchasing an additional 51,326 shares during the last quarter. Basswood Capital Management L.L.C. boosted its holdings in shares of Guild by 1.2% during the 1st quarter. Basswood Capital Management L.L.C. now owns 683,654 shares of the company’s stock worth $7,110,000 after buying an additional 7,940 shares during the period. GoodHaven Capital Management LLC grew its stake in Guild by 0.9% in the 1st quarter. GoodHaven Capital Management LLC now owns 162,497 shares of the company’s stock valued at $1,690,000 after buying an additional 1,485 shares during the last quarter. BNP Paribas Arbitrage SNC acquired a new position in Guild in the 3rd quarter valued at $35,000. Finally, Royal Bank of Canada bought a new position in Guild in the 1st quarter worth $34,000. 7.85% of the stock is currently owned by institutional investors.

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 originates residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.