Guild (NYSE:GHLD) Sees Unusually-High Trading Volume

Guild Holdings (NYSE:GHLD) shares saw unusually-high trading volume on Monday . Approximately 13,667 shares were traded during mid-day trading, an increase of 10% from the previous session’s volume of 12,390 shares.The stock last traded at $17.00 and had previously closed at $16.74.

Analysts Set New Price Targets

GHLD has been the subject of several recent analyst reports. Wedbush raised their target price on shares of Guild from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. JMP Securities raised their target price on shares of Guild from $14.00 to $16.50 and gave the stock a “market outperform” rating in a report on Friday, June 28th. JPMorgan Chase & Co. raised their target price on shares of Guild from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Monday, August 12th. Finally, Wells Fargo & Company raised their target price on shares of Guild from $15.00 to $17.00 and gave the stock an “equal weight” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $17.30.

Guild Stock Up 1.6 %

The business’s 50-day moving average price is $15.59 and its 200-day moving average price is $14.82. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $1.04 billion, a PE ratio of 39.86, a price-to-earnings-growth ratio of 0.30 and a beta of 1.04.

Guild (NYSE:GHLD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.21. The firm had revenue of $285.69 million for the quarter, compared to analyst estimates of $257.97 million. Guild had a net margin of 3.28% and a return on equity of 5.83%. As a group, equities research analysts predict that Guild Holdings will post 1.42 EPS for the current fiscal year.

Hedge Funds Weigh In On Guild

A number of institutional investors have recently modified their holdings of GHLD. O Shaughnessy Asset Management LLC bought a new position in shares of Guild in the first quarter valued at approximately $149,000. Renaissance Technologies LLC raised 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 purchasing an additional 2,100 shares during the period. Empowered Funds LLC raised its position in shares of Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after purchasing an additional 17,992 shares during the period. Donald Smith & CO. Inc. raised its position in shares of Guild by 2.1% in the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock valued at $6,503,000 after purchasing an additional 9,126 shares during the period. Finally, Bridges Investment Management Inc. bought a new position in shares of Guild in the second quarter valued at approximately $10,497,000. Institutional investors own 17.52% of the company’s stock.

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.