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

Guild Holdings (NYSE:GHLD - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $14.43, but opened at $13.45. Guild shares last traded at $13.70, with a volume of 12,824 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GHLD. JPMorgan Chase & Co. raised their target price on shares of Guild from $11.50 to $12.50 and gave the company an "underweight" rating in a report on Friday, March 7th. Compass Point increased their target price on Guild from $16.00 to $19.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Guild currently has a consensus rating of "Hold" and an average target price of $16.60.

Guild Stock Up 3.4 %

The stock has a market capitalization of $871.92 million, a price-to-earnings ratio of -9.09, a PEG ratio of 0.27 and a beta of 0.98. 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's fifty day moving average is $12.84 and its 200-day moving average is $14.01.

Guild Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 14.20%. The ex-dividend date of this dividend is Monday, March 17th. Guild's dividend payout ratio is currently 64.94%.

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Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Millennium Management LLC increased its holdings in shares of Guild by 18.6% in the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock valued at $218,000 after acquiring an additional 2,421 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Guild by 57.5% in the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after acquiring an additional 6,134 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Guild by 8.3% in the fourth 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 period. Geode Capital Management LLC lifted its holdings in shares of Guild by 2.0% in 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 in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after acquiring an additional 101,209 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.