Guild (NYSE:GHLD) Shares Gap Up - Still a Buy?

Guild Holdings (NYSE:GHLD - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $15.93, but opened at $16.26. Guild shares last traded at $15.80, with a volume of 3,155 shares.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on Guild from $11.50 to $12.50 and gave the company an "underweight" rating in a research note on Friday, March 7th. Compass Point boosted their price target on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $16.60.

Guild Stock Performance

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The stock has a market cap of $931.35 million, a P/E ratio of -9.71, a PEG ratio of 0.27 and a beta of 0.98. The stock has a fifty day simple moving average of $13.08 and a 200-day simple moving average of $13.96.

Guild Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 13.29%. The ex-dividend date was Monday, March 17th. Guild's dividend payout ratio is currently 64.94%.

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Institutional Investors Weigh In On Guild

Hedge funds have recently bought and sold shares of the company. Bayview Asset Management LLC increased its position in shares of Guild by 6.4% in the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock valued at $22,517,000 after buying an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. increased its holdings in shares of Guild by 3.2% in the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after acquiring an additional 20,848 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its holdings in shares of Guild by 5.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after acquiring an additional 31,540 shares in the last quarter. Donald Smith & CO. Inc. grew its position in shares of Guild by 0.4% in the 4th 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 during the period. Finally, HighTower Advisors LLC increased its stake in Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after purchasing an additional 101,209 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.

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.