GoodHaven Capital Management LLC Sells 4,344 Shares of Guild Holdings (NYSE:GHLD)

GoodHaven Capital Management LLC cut its holdings in shares of Guild Holdings (NYSE:GHLD) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 166,242 shares of the company’s stock after selling 4,344 shares during the period. Guild makes up approximately 0.8% of GoodHaven Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. GoodHaven Capital Management LLC owned 0.27% of Guild worth $2,346,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Basswood Capital Management L.L.C. lifted its holdings in Guild by 11.9% during the third 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. Finally, HighTower Advisors LLC lifted its holdings 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 in the last quarter. 17.52% of the stock is currently owned by institutional investors.

Guild Price Performance

NYSE:GHLD opened at $13.68 on Thursday. 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 simple moving average is $12.74 and its 200 day simple moving average is $14.09. The company has a market cap of $846.54 million, a P/E ratio of -8.82, a P/E/G ratio of 0.27 and a beta of 0.98. Guild Holdings has a 52-week low of $11.21 and a 52-week high of $18.26.

Guild Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.63%. The ex-dividend date of this dividend is Monday, March 17th. Guild’s dividend payout ratio is currently 64.94%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Compass Point lifted their target price on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on Guild from $11.50 to $12.50 and gave the company an “underweight” rating in a report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $16.60.

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.