Guild (NYSE:GHLD) Shares Gap Down - Here's Why

Guild Holdings (NYSE:GHLD - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $12.90, but opened at $12.60. Guild shares last traded at $12.66, with a volume of 10,081 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have commented on GHLD. Compass Point upped their target price on shares of Guild from $16.00 to $19.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. raised Guild from an "underweight" rating to a "neutral" rating and cut their target price for the company from $12.50 to $12.00 in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.50.

Guild Stock Up 0.9 %

The firm has a market capitalization of $812.43 million, a P/E ratio of -8.47, a PEG ratio of 0.27 and a beta of 0.79. The firm's fifty day moving average price is $13.36 and its 200-day moving average price is $13.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.06 and a quick ratio of 0.06.

Guild Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 15.24%. The ex-dividend date of this dividend was Monday, March 17th. Guild's dividend payout ratio (DPR) is presently 64.94%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of Guild by 18.6% during the 4th quarter. Millennium Management LLC now owns 15,441 shares of the company's stock valued at $218,000 after purchasing an additional 2,421 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Guild by 57.5% in the fourth quarter. Citadel Advisors LLC now owns 16,799 shares of the company's stock valued at $237,000 after buying an additional 6,134 shares in the last quarter. Northern Trust Corp lifted its position in shares of Guild by 8.3% during the 4th quarter. Northern Trust Corp now owns 22,421 shares of the company's stock valued at $316,000 after acquiring an additional 1,709 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company's stock worth $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock worth $1,768,000 after purchasing an additional 101,209 shares during the period. Institutional investors own 17.52% of the company's stock.

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.