Guild (NYSE:GHLD) Given Market Perform Rating at JMP Securities

JMP Securities reaffirmed their market perform rating on shares of Guild (NYSE:GHLD - Free Report) in a research report sent to investors on Friday morning,Benzinga reports.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. upgraded shares of 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 report on Tuesday, April 8th. Compass Point downgraded shares of Guild from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $19.00 to $20.00 in a research note on Wednesday, June 18th. Wall Street Zen raised shares of Guild to a "hold" rating in a research note on Thursday, May 22nd. Finally, Citigroup reiterated an "outperform" rating on shares of Guild in a research note on Tuesday, May 27th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $16.50.

Guild Price Performance

Shares of NYSE GHLD traded down $0.02 during trading hours on Friday, hitting $19.75. 93,828 shares of the stock were exchanged, compared to its average volume of 17,979. Guild has a 1-year low of $11.21 and a 1-year high of $20.15. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.07 and a current ratio of 0.07. The company has a market cap of $1.23 billion, a PE ratio of 28.62, a price-to-earnings-growth ratio of 1.12 and a beta of 0.81. The company's fifty day simple moving average is $14.02 and its two-hundred day simple moving average is $13.53.

Hedge Funds Weigh In On Guild

Several institutional investors have recently bought and sold shares of GHLD. HighTower Advisors LLC lifted its stake in 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 during the last quarter. Donald Smith & CO. Inc. increased its holdings in shares of Guild by 0.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company's stock worth $4,864,000 after purchasing an additional 1,535 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in shares of Guild by 5.3% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 628,650 shares of the company's stock worth $8,870,000 after purchasing an additional 31,540 shares during the period. Northern Trust Corp increased its holdings in shares of Guild by 8.3% in the fourth quarter. Northern Trust Corp now owns 22,421 shares of the company's stock worth $316,000 after purchasing an additional 1,709 shares during the period. Finally, Basswood Capital Management L.L.C. increased its stake in Guild by 3.2% in the fourth quarter. Basswood Capital Management L.L.C. now owns 674,805 shares of the company's stock valued at $9,521,000 after acquiring an additional 20,848 shares during the last quarter. Hedge funds and other 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.