Basswood Capital Management L.L.C. Acquires 20,848 Shares of Guild Holdings (NYSE:GHLD)

Basswood Capital Management L.L.C. increased its holdings in Guild Holdings (NYSE:GHLD - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 674,805 shares of the company's stock after buying an additional 20,848 shares during the quarter. Basswood Capital Management L.L.C. owned 1.09% of Guild worth $9,521,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position 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 valued at $1,634,000 after acquiring an additional 1,901 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Guild by 419.9% during the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after buying an additional 101,209 shares in the last quarter. Donald Smith & CO. Inc. grew its position in 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 acquiring an additional 1,535 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its stake in Guild by 5.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after acquiring an additional 31,540 shares during the last quarter. Finally, Northern Trust Corp raised its position in Guild by 8.3% during the fourth 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 during the period. 17.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Guild Trading Up 0.1 %

GHLD traded up $0.01 during trading hours on Friday, reaching $13.51. 446 shares of the company's stock traded hands, compared to its average volume of 13,075. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. The firm has a 50-day moving average price of $13.46 and a 200 day moving average price of $13.41. Guild Holdings has a 52-week low of $11.21 and a 52-week high of $18.26. The firm has a market capitalization of $836.32 million, a PE ratio of -8.72, a PEG ratio of 0.27 and a beta of 0.81.

Guild Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.80%. The ex-dividend date was Monday, March 17th. Guild's payout ratio is presently 64.94%.

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.