Guild (NYSE:GHLD) Shares Gap Down – Should You Sell?

Guild Holdings (NYSE:GHLD)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $14.14, but opened at $13.56. Guild shares last traded at $13.48, with a volume of 7,416 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on GHLD shares. Wedbush restated an “outperform” rating and set a $20.00 target price on shares of Guild in a report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on Guild from $14.50 to $13.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Wells Fargo & Company reduced their target price on Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.50.

Guild Stock Performance

The stock has a market cap of $867.02 million, a price-to-earnings ratio of -9.04, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02. The stock’s 50-day simple moving average is $13.95 and its two-hundred day simple moving average is $14.95. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Castleview Partners LLC bought a new position in shares of Guild during the 3rd quarter worth about $79,000. Renaissance Technologies LLC lifted its stake 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 buying an additional 2,100 shares during the period. Geode Capital Management LLC grew its position in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after buying an additional 1,901 shares in the last quarter. Empowered Funds LLC increased its stake in Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after acquiring an additional 13,668 shares during the period. Finally, Basswood Capital Management L.L.C. raised 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 valued at $10,875,000 after acquiring an additional 69,603 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.