Short Interest in Guild Holdings (NYSE:GHLD) Declines By 24.5%

Guild Holdings (NYSE:GHLD - Get Free Report) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 12,300 shares, a decrease of 24.5% from the January 15th total of 16,300 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.1% of the company's stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC raised 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 valued at $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Bayview Asset Management LLC raised its position in shares of Guild by 6.4% during the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock worth $22,517,000 after buying an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. lifted its stake in shares of 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 acquiring an additional 69,603 shares during the period. Adage Capital Partners GP L.L.C. boosted its holdings in shares of Guild by 5.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock valued at $8,870,000 after acquiring an additional 31,540 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in Guild by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock valued at $4,488,000 after purchasing an additional 13,668 shares in the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on GHLD. Wells Fargo & Company reduced their price objective on Guild from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Thursday, November 7th. Compass Point increased their target price on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Wedbush reaffirmed an "outperform" rating and issued a $20.00 price target on shares of Guild in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Guild from $13.00 to $11.50 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.67.

Guild Stock Performance

Shares of GHLD traded up $0.37 during midday trading on Monday, hitting $12.62. 2,928 shares of the stock traded hands, compared to its average volume of 8,441. The business's 50 day moving average price is $13.14 and its two-hundred day moving average price is $14.54. The firm has a market capitalization of $780.80 million, a PE ratio of -8.14, a price-to-earnings-growth ratio of 0.26 and a beta of 0.98. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. Guild has a 1-year low of $11.21 and a 1-year high of $18.25.

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.