Guild Holdings (NYSE:GHLD) Major Shareholder Strategic Enterprises Mcgarry Sells 923 Shares

Guild Holdings (NYSE:GHLD) major shareholder Strategic Enterprises Mcgarry sold 923 shares of the company’s stock in a transaction on Friday, March 28th. The shares were 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 in the company, valued at $70,339,861.02. This represents a 0.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 value of $1,657.50.

Guild Stock Performance

GHLD traded up $0.02 during trading hours on Tuesday, hitting $15.32. The stock had a trading volume of 12,480 shares, compared to its average volume of 12,030. The stock has a market cap of $948.06 million, a PE ratio of -9.88, a price-to-earnings-growth ratio of 0.27 and a beta of 0.98. The company’s fifty day simple moving average is $12.96 and its 200 day simple moving average is $13.96. Guild Holdings has a 1 year low of $11.21 and a 1 year high of $18.26. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92.

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. The ex-dividend date was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 13.06%. Guild’s dividend payout ratio is 64.94%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC boosted its position in Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company’s stock valued at $218,000 after acquiring an additional 2,421 shares in the last quarter. Citadel Advisors LLC boosted its position in Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company’s stock worth $237,000 after purchasing an additional 6,134 shares during the last quarter. Northern Trust Corp increased its position in Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after buying an additional 1,709 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Guild by 2.0% in the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after purchasing an additional 1,901 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in 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 acquiring an additional 101,209 shares during the period. Institutional investors own 17.52% of the company’s stock.

Analysts Set New Price Targets

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