Guild (NYSE:GHLD) Sees Unusually-High Trading Volume - Here's Why

Guild Holdings (NYSE:GHLD - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 9,605 shares changed hands during mid-day trading, a decline of 4% from the previous session's volume of 9,957 shares.The stock last traded at $12.72 and had previously closed at $12.60.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced 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. Compass Point upped 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. Wedbush reissued an "outperform" rating and issued a $20.00 price objective on shares of Guild in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lowered their target price on Guild from $17.00 to $15.00 and set an "equal weight" rating for the company in a report on Thursday, November 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $16.67.

Guild Stock Performance

The company has a market capitalization of $787.30 million, a price-to-earnings ratio of -8.21, a P/E/G ratio of 0.26 and a beta of 1.00. The company has a 50 day moving average price of $13.51 and a 200 day moving average price of $14.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Institutional Investors Weigh In On Guild

Hedge funds and other institutional investors have recently modified their holdings of the company. Castleview Partners LLC acquired a new stake in Guild in the 3rd quarter valued at $79,000. Renaissance Technologies LLC lifted its stake in shares of Guild by 8.2% in the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company's stock valued at $410,000 after buying an additional 2,100 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock valued at $1,634,000 after buying an additional 1,901 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Guild by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock worth $4,488,000 after acquiring an additional 13,668 shares during the last quarter. Finally, Basswood Capital Management L.L.C. lifted its position in 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 acquiring an additional 69,603 shares in the last quarter. 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.