Guild Holdings (NYSE:GHLD) Stock Holdings Reduced by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in shares of Guild Holdings (NYSE:GHLD) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,600 shares of the company’s stock after selling 6,800 shares during the period. Renaissance Technologies LLC owned 0.06% of Guild worth $516,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Donald Smith & CO. Inc. raised its position in Guild by 0.4% during the fourth quarter. Donald Smith & CO. Inc. now owns 344,742 shares of the company’s stock valued at $4,864,000 after acquiring an additional 1,535 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Guild by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after purchasing an additional 1,901 shares during the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of Guild by 419.9% during the 4th 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 in the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GHLD has been the subject of a number of recent research reports. 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 upped their price target on Guild from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Guild presently has a consensus rating of “Moderate Buy” and an average price target of $16.50.

Guild Price Performance

NYSE GHLD opened at $12.72 on Friday. The stock has a 50-day simple moving average of $13.43 and a 200 day simple moving average of $13.47. Guild Holdings has a twelve month low of $11.21 and a twelve month high of $18.26. The stock has a market capitalization of $787.60 million, a PE ratio of -8.21, a P/E/G ratio of 0.27 and a beta of 0.79. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.06 and a current ratio of 0.06.

Guild Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 15.72%. Guild’s dividend payout ratio is 64.94%.

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.