Guild (NYSE:GHLD) Trading Down 2.8% - Time to Sell?

Shares of Guild Holdings (NYSE:GHLD - Get Free Report) fell 2.8% during trading on Thursday . The company traded as low as $14.08 and last traded at $13.78. 294 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 13,321 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

GHLD has been the topic of a number of recent analyst reports. JMP Securities set a $15.50 price target on shares of Guild and gave the stock a "market outperform" rating in a research report on Tuesday. Wall Street Zen raised Guild to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised shares of Guild from an "underweight" rating to a "neutral" rating and reduced their price target for the company from $12.50 to $12.00 in a research report on Tuesday, April 8th. Finally, Citigroup reissued an "outperform" rating on shares of Guild in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.30.

Guild Price Performance

The stock has a market cap of $851.97 million, a PE ratio of -8.84, a P/E/G ratio of 0.27 and a beta of 0.81. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06. The business has a 50 day moving average price of $13.42 and a two-hundred day moving average price of $13.28.

Guild Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 14.60%. The ex-dividend date was Monday, March 17th. Guild's payout ratio is 144.93%.

Hedge Funds Weigh In On Guild

A number of large investors have recently made changes to their positions in GHLD. Adage Capital Partners GP L.L.C. grew its position in Guild by 4.5% in the first quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company's stock worth $10,054,000 after acquiring an additional 28,482 shares in the last quarter. Donald Smith & CO. Inc. boosted 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 buying an additional 36,183 shares during the period. Millennium Management LLC grew its stake in shares of Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock valued at $218,000 after buying an additional 2,421 shares during the last quarter. Citadel Advisors LLC lifted its position in 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 purchasing an additional 6,134 shares during the last quarter. Finally, Bayview Asset Management LLC grew its holdings 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 worth $22,517,000 after purchasing an additional 95,327 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.