Guild (NYSE:GHLD) Shares Gap Down to $12.06

Guild Holdings (NYSE:GHLD)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $12.06, but opened at $11.78. Guild shares last traded at $11.78, with a volume of 2,304 shares changing hands.

Wall Street Analyst Weigh In

Separately, JMP Securities cut their price target on shares of Guild from $15.00 to $14.00 and set a “market outperform” rating on the stock in a report on Friday, June 30th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Guild currently has a consensus rating of “Moderate Buy” and an average target price of $12.75.

Guild Trading Up 2.2 %

The stock has a market cap of $733.35 million, a P/E ratio of 12.03 and a beta of 0.93. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $11.97 and its 200 day moving average price is $11.22.

Guild (NYSE:GHLD) last announced its earnings results on Thursday, August 3rd. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.10. Guild had a net margin of 8.44% and a return on equity of 2.45%. The firm had revenue of $236.81 million for the quarter, compared to analysts’ expectations of $172.86 million. Equities research analysts expect that Guild Holdings will post 0.53 earnings per share for the current year.

Guild Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, September 7th. Stockholders of record on Wednesday, August 23rd will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, August 22nd.

Insider Activity

In other news, Director Edward Bryant, Jr. sold 8,572 shares of Guild stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $10.36, for a total value of $88,805.92. Following the completion of the transaction, the director now owns 27,926 shares of the company’s stock, valued at approximately $289,313.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 78.24% of the company’s stock.

Hedge Funds Weigh In On Guild

Several large investors have recently modified their holdings of GHLD. Algebris UK Ltd raised its position in shares of Guild by 46.9% in the 1st quarter. Algebris UK Ltd now owns 140,418 shares of the company’s stock worth $1,441,000 after purchasing an additional 44,844 shares during the last quarter. State Street Corp raised its position in shares of Guild by 12.0% in the 1st quarter. State Street Corp now owns 18,913 shares of the company’s stock worth $194,000 after purchasing an additional 2,023 shares during the last quarter. Royal Bank of Canada purchased a new position in shares of Guild in the 1st quarter worth about $34,000. Millennium Management LLC purchased a new position in shares of Guild in the 2nd quarter worth about $137,000. Finally, UBS Group AG raised its position in shares of Guild by 117.4% in the 3rd quarter. UBS Group AG now owns 3,187 shares of the company’s stock worth $29,000 after purchasing an additional 1,721 shares during the last quarter. Hedge funds and other institutional investors own 7.85% 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 originates residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.