Guild (NYSE:GHLD) Shares Gap Down - Time to Sell?

Shares of Guild Holdings (NYSE:GHLD - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $14.14, but opened at $13.56. Guild shares last traded at $13.48, with a volume of 7,416 shares changing hands.

Wall Street Analysts Forecast Growth

GHLD has been the subject of several recent analyst reports. Wedbush reiterated an "outperform" rating and set a $20.00 price objective on shares of Guild in a research note on Thursday, November 7th. Wells Fargo & Company reduced their price target on Guild from $17.00 to $15.00 and set an "equal weight" rating on the stock in a research report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on Guild from $14.50 to $13.00 and set an "underweight" rating for the company in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Guild presently has a consensus rating of "Hold" and an average target price of $16.50.

Guild Trading Down 0.9 %

The stock's fifty day simple moving average is $13.95 and its 200-day simple moving average is $14.94. 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 firm has a market cap of $867.02 million, a PE ratio of -9.04, a PEG ratio of 0.31 and a beta of 1.02.

Hedge Funds Weigh In On Guild

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bridges Investment Management Inc. purchased a new position in Guild during the 2nd quarter worth approximately $10,497,000. Basswood Capital Management L.L.C. raised its holdings in shares of Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company's stock worth $10,875,000 after purchasing an additional 69,603 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company's stock worth $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 purchasing an additional 1,901 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in 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 purchasing an additional 2,100 shares during the last quarter. Hedge funds and other 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.