Guild (NYSE:GHLD) Sees Large Volume Increase - Here's What Happened

Guild Holdings Company (NYSE:GHLD - Get Free Report) saw unusually-strong trading volume on Friday . Approximately 38,310 shares changed hands during mid-day trading, an increase of 108% from the previous session's volume of 18,461 shares.The stock last traded at $19.79 and had previously closed at $19.72.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on GHLD shares. JPMorgan Chase & Co. upgraded Guild from an "underweight" rating to a "neutral" rating and decreased their price objective for the stock from $12.50 to $12.00 in a report on Tuesday, April 8th. Citigroup reiterated an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. JMP Securities restated a "market perform" rating on shares of Guild in a report on Friday. Compass Point lowered shares of Guild from a "strong-buy" rating to a "hold" rating and upped their price target for the company from $19.00 to $20.00 in a report on Wednesday, June 18th. Finally, Wall Street Zen raised shares of Guild to a "hold" rating in a research report on Thursday, May 22nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $16.50.

Guild Stock Down 0.1%

The company has a debt-to-equity ratio of 1.03, a current ratio of 0.07 and a quick ratio of 0.07. The company has a 50-day moving average of $13.89 and a two-hundred day moving average of $13.49. The company has a market capitalization of $1.23 billion, a PE ratio of 28.62, a P/E/G ratio of 1.12 and a beta of 0.81.

Institutional Investors Weigh In On Guild

Several large investors have recently made changes to their positions in GHLD. HighTower Advisors LLC grew 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. Bayview Asset Management LLC raised its stake in Guild by 6.4% during 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 in the last quarter. Donald Smith & CO. Inc. lifted its position in Guild by 10.5% during 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 last quarter. Adage Capital Partners GP L.L.C. grew its stake in shares of Guild by 5.3% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after buying an additional 31,540 shares in the last quarter. Finally, Basswood Capital Management L.L.C. increased its holdings in shares of 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 buying an additional 20,848 shares during the last quarter. 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.