Guild Holdings (NYSE:GHLD) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC decreased its stake in Guild Holdings (NYSE:GHLD) by 2.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 482,482 shares of the company’s stock after selling 12,400 shares during the quarter. Bridgeway Capital Management LLC owned 0.78% of Guild worth $6,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Citadel Advisors LLC increased its position in shares of 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 acquiring an additional 6,134 shares in the last quarter. Northern Trust Corp grew its position in Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company’s stock worth $316,000 after purchasing an additional 1,709 shares in the last quarter. Geode Capital Management LLC raised its stake in Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock valued at $1,634,000 after purchasing an additional 1,901 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Guild by 419.9% in the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company’s stock valued at $1,768,000 after purchasing an additional 101,209 shares in the last quarter. Finally, Donald Smith & CO. Inc. boosted its position in shares of Guild by 0.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock worth $4,864,000 after buying an additional 1,535 shares during the period. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Guild Trading Down 3.8 %

Shares of NYSE GHLD opened at $12.39 on Wednesday. The business has a 50 day simple moving average of $13.44 and a 200 day simple moving average of $13.43. Guild Holdings has a 52 week low of $11.21 and a 52 week high of $18.26. The stock has a market cap of $766.68 million, a price-to-earnings ratio of -7.99, a PEG ratio of 0.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Guild Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 16.15%. Guild’s dividend payout ratio is currently 64.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GHLD shares. Compass Point increased their price objective on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. JPMorgan Chase & Co. upgraded shares of Guild from an “underweight” rating to a “neutral” rating and decreased their price target for the stock from $12.50 to $12.00 in a report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.50.

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.