Guild (NYSE:GHLD) Trading Down 3.8%

Guild Holdings (NYSE:GHLDGet Free Report)’s stock price traded down 3.8% during trading on Wednesday . The stock traded as low as $14.30 and last traded at $14.30. 1,543 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 11,651 shares. The stock had previously closed at $14.86.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on GHLD shares. BTIG Research assumed coverage on shares of Guild in a research note on Wednesday, February 21st. They issued a “buy” rating and a $18.00 price target on the stock. Wells Fargo & Company raised their price objective on shares of Guild from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. lowered shares of Guild from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a report on Wednesday.

Get Our Latest Analysis on GHLD

Guild Price Performance

The stock has a market capitalization of $894.58 million, a P/E ratio of -22.78 and a beta of 1.01. The business’s 50 day simple moving average is $14.42 and its two-hundred day simple moving average is $13.08. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.85.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC increased its holdings in Guild by 60.2% during the first quarter. Tower Research Capital LLC TRC now owns 2,726 shares of the company’s stock worth $28,000 after buying an additional 1,024 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Guild in the fourth quarter worth about $29,000. UBS Group AG increased its stake in shares of Guild by 117.4% in the third quarter. UBS Group AG now owns 3,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,721 shares in the last quarter. Royal Bank of Canada purchased a new position in shares of Guild in the first quarter worth about $34,000. Finally, BNP Paribas Arbitrage SNC purchased a new position in shares of Guild in the third quarter worth about $35,000. 17.52% of the stock is owned by institutional investors.

About Guild

(Get Free Report)

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.

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