Guild (NYSE:GHLD) Shares Gap Down - Should You Sell?

Guild Holdings (NYSE:GHLD - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $12.90, but opened at $12.60. Guild shares last traded at $12.66, with a volume of 10,081 shares traded.

Wall Street Analyst Weigh In

GHLD has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Guild from an "underweight" rating to a "neutral" rating and lowered their target price for the company from $12.50 to $12.00 in a research note on Tuesday, April 8th. Compass Point lifted their price objective on shares of Guild from $16.00 to $19.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.50.

Guild Trading Up 0.8 %

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 business has a 50 day simple moving average of $13.35 and a two-hundred day simple moving average of $13.60. The stock has a market cap of $811.93 million, a price-to-earnings ratio of -8.46, a price-to-earnings-growth ratio of 0.27 and a beta of 0.79.

Guild Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 15.25%. Guild's dividend payout ratio (DPR) is presently 64.94%.

Institutional Investors Weigh In On Guild

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Millennium Management LLC raised its stake in Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock valued at $218,000 after buying an additional 2,421 shares in the last quarter. Citadel Advisors LLC raised its holdings in shares of Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after purchasing an additional 6,134 shares during the period. Northern Trust Corp lifted its position in shares of Guild by 8.3% in the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company's stock worth $316,000 after buying an additional 1,709 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Guild by 2.0% in the 3rd 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 period. Finally, HighTower Advisors LLC raised its stake in Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after acquiring an additional 101,209 shares during the period. Institutional investors own 17.52% of the company's stock.

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.