Guild (NYSE:GHLD) Reaches New 12-Month Low – Here’s What Happened

Guild Holdings (NYSE:GHLD) hit a new 52-week low during trading on Friday . The stock traded as low as $12.56 and last traded at $12.56, with a volume of 628 shares traded. The stock had previously closed at $13.40.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GHLD shares. JPMorgan Chase & Co. decreased their target price on Guild from $14.50 to $13.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Wells Fargo & Company lowered their price objective on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 7th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $20.00 target price on shares of Guild in a research report on Thursday, November 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.50.

Guild Stock Down 7.8 %

The company has a market cap of $764.29 million, a P/E ratio of -7.97, a price-to-earnings-growth ratio of 0.32 and a beta of 1.00. 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 company has a fifty day moving average of $13.80 and a 200 day moving average of $14.86.

Hedge Funds Weigh In On Guild

Institutional investors have recently bought and sold shares of the stock. Bridges Investment Management Inc. bought a new position in shares of Guild in the second quarter worth approximately $10,497,000. Basswood Capital Management L.L.C. boosted its holdings in Guild by 11.9% in the 3rd quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after buying an additional 69,603 shares during the period. Empowered Funds LLC increased its stake in Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after buying an additional 13,668 shares in the last quarter. Castleview Partners LLC bought a new stake in Guild during the third quarter valued at about $79,000. Finally, Renaissance Technologies LLC lifted its position in shares of 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 in the last quarter. 17.52% of the stock is 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 offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.