Guild (NYSE:GHLD) Sees Strong Trading Volume - Should You Buy?

Guild Holdings (NYSE:GHLD - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 20,949 shares were traded during trading, an increase of 338% from the previous session's volume of 4,783 shares.The stock last traded at $13.25 and had previously closed at $13.61.

Analyst Ratings Changes

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

Guild Stock Performance

The business's fifty day moving average price is $13.87 and its 200-day moving average price is $14.90. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06. The stock has a market capitalization of $813.80 million, a PE ratio of -8.48, a P/E/G ratio of 0.32 and a beta of 1.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GHLD. Bridges Investment Management Inc. purchased a new stake in Guild in the second quarter worth approximately $10,497,000. Basswood Capital Management L.L.C. boosted 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 valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of 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 during the last quarter. Geode Capital Management LLC raised its position in Guild by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock worth $1,634,000 after purchasing an additional 1,901 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock worth $410,000 after purchasing an additional 2,100 shares during the last quarter. 17.52% of the stock is currently 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.