Strategic Enterprises Mcgarry Sells 923 Shares of Guild Holdings (NYSE:GHLD) Stock

Guild Holdings (NYSE:GHLD - Get Free Report) major shareholder Strategic Enterprises Mcgarry sold 923 shares of the business's stock in a transaction on Friday, March 28th. The stock was sold at an average price of $16.06, for a total value of $14,823.38. Following the completion of the transaction, the insider now directly owns 4,379,817 shares of the company's stock, valued at approximately $70,339,861.02. This trade represents a 0.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

Strategic Enterprises Mcgarry also recently made the following trade(s):

• On Monday, March 31st, Strategic Enterprises Mcgarry sold 102 shares of Guild stock. The stock was sold at an average price of $16.25, for a total transaction of $1,657.50.

Guild Trading Down 1.2 %

Guild stock traded down $0.19 during trading on Friday, reaching $15.05. The company had a trading volume of 8,289 shares, compared to its average volume of 12,571. Guild Holdings has a 12-month low of $11.21 and a 12-month high of $18.26. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The stock's 50 day moving average price is $13.12 and its two-hundred day moving average price is $13.93. The firm has a market capitalization of $931.35 million, a price-to-earnings ratio of -9.71, a PEG ratio of 0.27 and a beta of 0.79.

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Guild Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC increased 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 last quarter. Bayview Asset Management LLC increased its position in Guild by 6.4% during the 4th quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock worth $22,517,000 after purchasing an additional 95,327 shares in the last quarter. Basswood Capital Management L.L.C. increased its position in Guild by 11.9% during the 3rd 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 in the last quarter. Adage Capital Partners GP L.L.C. raised its holdings in 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 valued at $8,870,000 after buying an additional 31,540 shares during the period. Finally, Citadel Advisors LLC lifted its position in Guild by 57.5% during the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after buying an additional 6,134 shares in the last quarter. 17.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Compass Point upped 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. JPMorgan Chase & Co. increased their price target on Guild from $11.50 to $12.50 and gave the stock an "underweight" rating in a research note on Friday, March 7th. 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. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.60.

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.