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

Guild Holdings (NYSE:GHLD) shares gapped down prior to trading on Monday . The stock had previously closed at $12.44, but opened at $11.21. Guild shares last traded at $12.30, with a volume of 7,029 shares changing hands.

Wall Street Analyst Weigh In

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

Guild Stock Up 3.6 %

The firm’s 50-day moving average price is $13.80 and its two-hundred day moving average price is $14.86. 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 firm has a market cap of $797.71 million, a PE ratio of -8.32, a P/E/G ratio of 0.32 and a beta of 1.00.

Institutional Trading of Guild

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bridges Investment Management Inc. purchased a new position in shares of Guild during the second quarter worth about $10,497,000. Basswood Capital Management L.L.C. boosted its stake in shares of 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 acquiring an additional 69,603 shares in the last quarter. Empowered Funds LLC increased its position in shares of Guild by 5.3% in the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after buying an additional 13,668 shares in the last quarter. Castleview Partners LLC acquired a new stake in shares of Guild in the third quarter valued at approximately $79,000. Finally, Renaissance Technologies LLC raised its position in shares of 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 buying an additional 2,100 shares during the last quarter. 17.52% of the stock is owned by hedge funds and other 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.