Bridgeway Capital Management LLC Sells 42,940 Shares of Guild Holdings Company $GHLD

Key Points

• Bridgeway Capital Management LLC decreased its stake in Guild Holdings Company by 8.9%, now owning approximately 0.71% of the company valued at $6.7 million.
• JPMorgan Chase & Co. raised its price target for Guild shares from $12.50 to $20.00, maintaining a "neutral" rating.
• Guild recently announced a $0.25 per share special dividend, distributed to shareholders on September 2nd.

Bridgeway Capital Management LLC decreased its position in shares of Guild Holdings Company (NYSE:GHLD - Free Report) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,542 shares of the company's stock after selling 42,940 shares during the quarter. Bridgeway Capital Management LLC owned about 0.71% of Guild worth $6,725,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Donald Smith & CO. Inc. raised its stake in shares of Guild by 10.5% in the first quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company's stock worth $5,828,000 after purchasing an additional 36,183 shares during the last quarter. Adage Capital Partners GP L.L.C. raised its position in Guild by 4.5% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company's stock valued at $10,054,000 after buying an additional 28,482 shares during the last quarter. Citadel Advisors LLC lifted its stake in Guild by 57.5% during the 4th quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after acquiring an additional 6,134 shares in the last quarter. Millennium Management LLC boosted its holdings 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 acquiring an additional 2,421 shares during the last quarter. Finally, Northern Trust Corp grew 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 worth $316,000 after acquiring an additional 1,709 shares in the last quarter. 17.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on GHLD. Compass Point lowered shares of Guild from a "strong-buy" rating to a "hold" rating and raised their price target for the company from $19.00 to $20.00 in a research report on Wednesday, June 18th. Wall Street Zen upgraded Guild to a "hold" rating in a research note on Thursday, May 22nd. Citizens Jmp lowered Guild from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 19th. Citigroup reiterated an "outperform" rating on shares of Guild in a report on Tuesday, May 27th. Finally, JMP Securities restated a "market perform" rating on shares of Guild in a research note on Friday, June 20th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.42.

Guild Stock Performance

GHLD traded down $0.02 during trading hours on Wednesday, hitting $19.95. The stock had a trading volume of 18,381 shares, compared to its average volume of 43,250. Guild Holdings Company has a 1 year low of $11.21 and a 1 year high of $23.57. The company's fifty day simple moving average is $19.89 and its 200 day simple moving average is $16.17. The stock has a market cap of $1.24 billion, a PE ratio of 51.16, a price-to-earnings-growth ratio of 1.05 and a beta of 0.94. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 1.03.

Guild Announces Dividend

The business also recently announced a special dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 18th were given a dividend of $0.25 per share. The ex-dividend date was Monday, August 18th. Guild's dividend payout ratio is currently 256.41%.

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.