Guild Holdings (NYSE:GHLD) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its holdings in shares of Guild Holdings (NYSE:GHLD) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,200 shares of the company’s stock after selling 1,300 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in Guild were worth $243,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its position in Guild by 8.3% during the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after acquiring an additional 1,709 shares during the period. HighTower Advisors LLC increased its stake in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock worth $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Guild by 0.4% during the 4th quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after purchasing an additional 1,535 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its stake in Guild by 5.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company’s stock valued at $8,870,000 after buying an additional 31,540 shares in the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

Guild Stock Performance

NYSE:GHLD opened at $12.97 on Wednesday. The company has a market cap of $802.89 million, a P/E ratio of -8.37, a P/E/G ratio of 0.27 and a beta of 0.81. Guild Holdings has a twelve month low of $11.21 and a twelve month high of $18.26. The company’s 50-day moving average price is $13.48 and its 200-day moving average price is $13.37. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92.

Guild Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 15.42%. The ex-dividend date of this dividend was Monday, March 17th. Guild’s dividend payout ratio (DPR) is 144.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Guild from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $12.50 to $12.00 in a report on Tuesday, April 8th. Compass Point lifted their price target on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.50.

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.