Guild Holdings (NYSE:GHLD - Get Free Report) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 11,200 shares, a growth of 119.6% from the April 30th total of 5,100 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is presently 0.9 days.
Guild Price Performance
Shares of GHLD stock traded down $0.49 during trading hours on Friday, hitting $13.70. The stock had a trading volume of 2,742 shares, compared to its average volume of 13,281. The stock has a market capitalization of $851.97 million, a price-to-earnings ratio of -8.84, a PEG ratio of 0.27 and a beta of 0.81. Guild has a one year low of $11.21 and a one year high of $18.26. The stock's 50-day moving average price is $13.42 and its two-hundred day moving average price is $13.28. 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 14.60%. Guild's dividend payout ratio (DPR) is currently 144.93%.
Hedge Funds Weigh In On Guild
A number of institutional investors and hedge funds have recently modified their holdings of GHLD. 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. Basswood Capital Management L.L.C. boosted its position in Guild by 3.2% in 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 buying an additional 20,848 shares during the period. Adage Capital Partners GP L.L.C. grew its stake in Guild by 4.5% in the 1st 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. increased its position 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 acquiring an additional 36,183 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of Guild by 419.9% during the fourth quarter. HighTower Advisors LLC now owns 125,311 shares of the company's stock valued at $1,768,000 after acquiring an additional 101,209 shares in the last quarter. Hedge funds and other institutional investors own 17.52% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on GHLD shares. Wall Street Zen raised Guild to a "hold" rating in a report on Thursday, May 22nd. Citigroup reaffirmed an "outperform" rating on shares of Guild in a research report on Tuesday, May 27th. JPMorgan Chase & Co. raised shares of Guild from an "underweight" rating to a "neutral" rating and lowered their price target for the company from $12.50 to $12.00 in a report on Tuesday, April 8th. Finally, 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, May 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Guild presently has a consensus rating of "Moderate Buy" and an average target price of $16.30.
View Our Latest Analysis on GHLD
About Guild
(
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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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