Guild (NYSE:GHLD) Sees Large Volume Increase - Here's Why

Shares of Guild Holdings (NYSE:GHLD - Get Free Report) saw an uptick in trading volume on Tuesday . 11,399 shares were traded during trading, a decline of 10% from the previous session's volume of 12,695 shares.The stock last traded at $13.49 and had previously closed at $12.81.

Analyst Ratings Changes

GHLD has been the topic of several research reports. Compass Point boosted their price target on shares of Guild from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. upgraded Guild from an "underweight" rating to a "neutral" rating and reduced their price target for the company from $12.50 to $12.00 in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Guild presently has a consensus rating of "Moderate Buy" and an average price target of $16.50.

Guild Trading Up 1.0 %

The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The stock has a 50-day moving average price of $13.32 and a 200-day moving average price of $13.68. The stock has a market cap of $798.99 million, a P/E ratio of -8.33, a P/E/G ratio of 0.27 and a beta of 0.79.

Guild Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 15.50%. Guild's payout ratio is 64.94%.

Institutional Trading of Guild

Several large investors have recently modified their holdings of GHLD. HighTower Advisors LLC lifted its holdings in Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after buying an additional 101,209 shares during the period. Bayview Asset Management LLC increased its position in Guild by 6.4% during the 4th 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 period. Adage Capital Partners GP L.L.C. raised its holdings in Guild by 5.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after purchasing an additional 31,540 shares in the last quarter. Basswood Capital Management L.L.C. lifted its position in shares of Guild by 3.2% in the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after purchasing an additional 20,848 shares during the period. Finally, Citadel Advisors LLC boosted its stake in shares of Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after purchasing an additional 6,134 shares in the last quarter. 17.52% of the stock is owned by institutional investors.

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.