Guild (NYSE:GHLD) Sees Strong Trading Volume - Here's What Happened

Guild Holdings (NYSE:GHLD - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 25,514 shares changed hands during mid-day trading, an increase of 117% from the previous session's volume of 11,775 shares.The stock last traded at $13.51 and had previously closed at $14.43.

Analyst Upgrades and Downgrades

GHLD has been the subject of several recent analyst reports. Compass Point raised their price objective on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised their price target on shares of Guild from $11.50 to $12.50 and gave the stock an "underweight" rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $16.60.

Guild Stock Performance

The firm has a market cap of $984.27 million, a P/E ratio of -10.26, a PEG ratio of 0.27 and a beta of 0.98. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. The company's 50-day moving average is $12.90 and its two-hundred day moving average is $14.00.

Guild Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 12.58%. Guild's dividend payout ratio is currently 64.94%.

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Institutional Trading of Guild

Several hedge funds have recently added to or reduced their stakes in GHLD. HighTower Advisors LLC grew its position in shares of Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after acquiring an additional 101,209 shares during the period. Bayview Asset Management LLC lifted its stake in Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock valued at $22,517,000 after purchasing an additional 95,327 shares during the last quarter. Basswood Capital Management L.L.C. grew its holdings in Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company's stock valued at $10,875,000 after purchasing an additional 69,603 shares during the period. Adage Capital Partners GP L.L.C. increased its position in 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 worth $8,870,000 after buying an additional 31,540 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after buying an additional 6,134 shares during the period. Institutional investors own 17.52% of the company's stock.

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.