Guild (NYSE:GHLD) Sees Large Volume Increase – Here’s What Happened

Shares of Guild Holdings Company (NYSE:GHLD) saw unusually-strong trading volume on Wednesday . Approximately 35,958 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 39,755 shares.The stock last traded at $20.04 and had previously closed at $19.87.

Wall Street Analysts Forecast Growth

GHLD has been the subject of a number of analyst reports. Zacks Research lowered Guild from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. BTIG Research reiterated a “neutral” rating on shares of Guild in a research report on Thursday, August 21st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Guild in a research report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.88.

Guild Trading Up 0.8%

The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.06 and a current ratio of 0.06. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.06 and a beta of 0.93. The company’s 50-day moving average is $19.92 and its 200-day moving average is $18.75.

Guild (NYSE:GHLD) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.23. Guild had a return on equity of 10.09% and a net margin of 10.88%.The firm had revenue of $307.44 million during the quarter, compared to the consensus estimate of $311.28 million. On average, research analysts predict that Guild Holdings Company will post 1.33 earnings per share for the current year.

Institutional Investors Weigh In On Guild

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Guild by 1.8% during the second quarter. Geode Capital Management LLC now owns 103,629 shares of the company’s stock valued at $2,050,000 after buying an additional 1,828 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Guild during the 2nd quarter valued at about $65,000. SG Americas Securities LLC raised its stake in shares of Guild by 14.9% during the third quarter. SG Americas Securities LLC now owns 28,002 shares of the company’s stock worth $558,000 after acquiring an additional 3,622 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Guild in the 3rd quarter worth $112,000. Finally, PenderFund Capital Management Ltd. bought a new stake in shares of Guild in the 3rd quarter valued at about $124,000. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.