Guild (NYSE:GHLD) Sets New 52-Week High - Should You Buy?

Shares of Guild Holdings Company (NYSE:GHLD - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $20.15 and last traded at $19.73, with a volume of 822966 shares. The stock had previously closed at $15.72.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GHLD. JMP Securities reiterated a "market perform" rating on shares of Guild in a research report on Friday. Wall Street Zen upgraded Guild to a "hold" rating in a report on Thursday, May 22nd. Compass Point lowered Guild from a "strong-buy" rating to a "hold" rating and increased their price objective for the stock from $19.00 to $20.00 in a report on Wednesday. Citigroup reaffirmed an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. Finally, Citizens Jmp downgraded Guild from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Guild currently has an average rating of "Hold" and an average target price of $16.50.

Guild Stock Up 0.2%

The firm has a market cap of $1.23 billion, a P/E ratio of 28.64, a P/E/G ratio of 1.12 and a beta of 0.81. The business's fifty day moving average price is $13.89 and its two-hundred day moving average price is $13.49. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GHLD. HighTower Advisors LLC raised its stake in shares of Guild by 419.9% in the 4th quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after acquiring an additional 101,209 shares in the last quarter. Bayview Asset Management LLC raised its position in shares of Guild by 6.4% in the fourth quarter. Bayview Asset Management LLC now owns 1,595,844 shares of the company's stock valued at $22,517,000 after purchasing an additional 95,327 shares during the period. Donald Smith & CO. Inc. raised its position 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 valued at $5,828,000 after purchasing an additional 36,183 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of Guild by 5.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock valued at $8,870,000 after purchasing an additional 31,540 shares during the period. Finally, Basswood Capital Management L.L.C. raised its holdings in Guild by 3.2% in the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock worth $9,521,000 after acquiring an additional 20,848 shares during the period. 17.52% of the stock is owned by institutional investors.

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.