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

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upgraded shares of Guild from an "underweight" rating to a "neutral" rating and dropped their price objective for the stock from $12.50 to $12.00 in a research note on Tuesday, April 8th. Citigroup reiterated an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. Wall Street Zen upgraded Guild to a "hold" rating in a research note on Thursday, May 22nd. Finally, JMP Securities set a $15.50 price target on Guild and gave the stock a "market outperform" rating in a research report on Tuesday, May 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $16.30.

Guild Stock Performance

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 company has a market cap of $846.06 million, a P/E ratio of -8.77, a P/E/G ratio of 0.27 and a beta of 0.81. The stock's fifty day moving average price is $13.42 and its two-hundred day moving average price is $13.27.

Guild Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 14.71%. The ex-dividend date was Monday, March 17th. Guild's payout ratio is presently 144.93%.

Hedge Funds Weigh In On Guild

Several hedge funds and other institutional investors have recently modified their holdings of GHLD. HighTower Advisors LLC lifted 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 worth $1,768,000 after buying an additional 101,209 shares during 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 worth $22,517,000 after acquiring an additional 95,327 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings 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 worth $5,828,000 after acquiring an additional 36,183 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted 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 valued at $8,870,000 after purchasing an additional 31,540 shares in the last quarter. Finally, Basswood Capital Management L.L.C. grew its holdings in shares of Guild by 3.2% during the 4th quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock valued at $9,521,000 after purchasing an additional 20,848 shares during the last quarter. Institutional investors own 17.52% of the company's stock.

About Guild

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.