Guild (NYSE:GHLD) Shares Gap Up - Time to Buy?

Guild Holdings (NYSE:GHLD - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $12.23, but opened at $12.61. Guild shares last traded at $12.37, with a volume of 2,302 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Guild from $11.50 to $12.50 and gave the stock an "underweight" rating in a research report on Friday. Compass Point raised their target price on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.60.

Guild Trading Up 5.6 %

The firm has a market capitalization of $855.88 million, a PE ratio of -8.92, a price-to-earnings-growth ratio of 0.27 and a beta of 0.98. The stock's 50-day moving average price is $12.84 and its 200 day moving average price is $14.27. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06.

Guild Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.46%. Guild's dividend payout ratio is presently -64.52%.

Remove Ads

Hedge Funds Weigh In On Guild

A number of hedge funds and other institutional investors have recently modified their holdings of GHLD. Empowered Funds LLC boosted its stake in shares of Guild by 5.3% during the third 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 in the last quarter. Basswood Capital Management L.L.C. boosted its stake 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 valued at $10,875,000 after purchasing an additional 69,603 shares in the last quarter. Geode Capital Management LLC boosted its stake 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 purchasing an additional 1,901 shares in the last quarter. HighTower Advisors LLC boosted its stake in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its stake in shares of Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock valued at $4,864,000 after purchasing an additional 1,535 shares in 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.