Guild's (GHLD) "Market Perform" Rating Reaffirmed at JMP Securities

Guild (NYSE:GHLD - Get Free Report)'s stock had its "market perform" rating reaffirmed by equities researchers at JMP Securities in a research report issued on Friday,Benzinga reports.

GHLD has been the subject of a number of other reports. Citigroup reiterated an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. JPMorgan Chase & Co. upgraded shares of 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. Compass Point lowered Guild from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $19.00 to $20.00 in a report on Wednesday. Finally, Wall Street Zen upgraded Guild to a "hold" rating in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Guild currently has a consensus rating of "Hold" and a consensus target price of $16.50.

Guild Stock Up 0.4%

GHLD opened at $19.79 on Friday. The company has a market capitalization of $1.23 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.07 and a quick ratio of 0.07. Guild has a fifty-two week low of $11.21 and a fifty-two week high of $20.15. The business has a 50-day moving average of $13.75 and a 200-day moving average of $13.44.

Institutional Investors Weigh In On Guild

Several hedge funds and other institutional investors have recently made changes to their positions in GHLD. Adage Capital Partners GP L.L.C. boosted its stake in Guild by 4.5% during the 1st quarter. Adage Capital Partners GP L.L.C. now owns 657,132 shares of the company's stock valued at $10,054,000 after purchasing an additional 28,482 shares during the period. Donald Smith & CO. Inc. lifted its holdings in shares of Guild by 10.5% during the first quarter. Donald Smith & CO. Inc. now owns 380,925 shares of the company's stock worth $5,828,000 after buying an additional 36,183 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Guild by 18.6% during the fourth quarter. Millennium Management LLC now owns 15,441 shares of the company's stock worth $218,000 after buying an additional 2,421 shares during the last quarter. Citadel Advisors LLC boosted its position 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 acquiring an additional 6,134 shares during the period. Finally, Bayview Asset Management LLC grew its stake 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 acquiring an additional 95,327 shares during the last quarter. 17.52% of the stock is owned by institutional investors and hedge funds.

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.

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