Guild Holdings Company $GHLD Shares Bought by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Guild Holdings Company by 4.5%, acquiring an additional 28,482 shares, bringing its total holdings to approximately 657,132 shares valued at $10.05 million.
• Several large investors, including Donald Smith & Co. and Citadel Advisors, also raised their stakes in Guild, indicating increased institutional interest in the stock, which is currently 17.52% owned by institutional investors.
• The company recently announced a $0.25 special dividend paid to shareholders, with a consensus target price of $18.42 and an average rating of "Hold" from analysts.

Adage Capital Partners GP L.L.C. lifted its holdings in Guild Holdings Company (NYSE:GHLD - Free Report) by 4.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 657,132 shares of the company's stock after purchasing an additional 28,482 shares during the period. Adage Capital Partners GP L.L.C. owned about 1.06% of Guild worth $10,054,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of GHLD. Northern Trust Corp increased its stake in shares of Guild by 8.3% in the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company's stock valued at $316,000 after purchasing an additional 1,709 shares in the last quarter. Citadel Advisors LLC increased its stake in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock worth $237,000 after buying an additional 6,134 shares in the last quarter. Millennium Management LLC increased its stake in Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after buying an additional 2,421 shares in the last quarter. Finally, Donald Smith & CO. Inc. increased its stake in Guild by 10.5% during the 1st quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company's stock worth $5,828,000 after buying an additional 36,183 shares in the last quarter. Hedge funds and other institutional investors own 17.52% of the company's stock.

Guild Price Performance

GHLD remained flat at $19.95 during trading hours on Friday. The company had a trading volume of 7,192 shares, compared to its average volume of 38,969. Guild Holdings Company has a 12-month low of $11.21 and a 12-month high of $23.57. The stock has a market cap of $1.24 billion, a PE ratio of 51.16, a PEG ratio of 1.05 and a beta of 0.94. The business has a fifty day moving average of $19.90 and a 200-day moving average of $16.30. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 1.03.

Guild Announces Dividend

The company also recently declared a special dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were paid a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th.

Wall Street Analyst Weigh In

GHLD has been the subject of several research reports. Compass Point lowered Guild from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $19.00 to $20.00 in a research note on Wednesday, June 18th. Jefferies Financial Group cut Guild from a "buy" rating to a "hold" rating and boosted their target price for the stock from $16.00 to $20.00 in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Guild from $12.50 to $20.00 and gave the stock a "neutral" rating in a report on Friday, July 11th. Citigroup restated an "outperform" rating on shares of Guild in a report on Tuesday, May 27th. Finally, BTIG Research reiterated a "neutral" rating on shares of Guild in a report on Thursday, August 21st. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $18.42.

Guild 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.