Mary Ann Mcgarry Buys 4,998 Shares of Guild Holdings (NYSE:GHLD) Stock

Guild Holdings (NYSE:GHLDGet Free Report) Director Mary Ann Mcgarry bought 4,998 shares of the business’s stock in a transaction on Thursday, June 6th. The shares were bought at an average cost of $16.12 per share, for a total transaction of $80,567.76. Following the completion of the acquisition, the director now directly owns 372,996 shares in the company, valued at approximately $6,012,695.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Guild Stock Performance

Shares of GHLD stock opened at $14.62 on Tuesday. The firm has a 50 day moving average of $14.26 and a 200-day moving average of $14.08. The company has a market cap of $896.79 million, a price-to-earnings ratio of 34.81, a price-to-earnings-growth ratio of 0.28 and a beta of 1.04. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Guild Holdings has a 52 week low of $9.59 and a 52 week high of $17.24.

Guild (NYSE:GHLDGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.11). Guild had a return on equity of 4.25% and a net margin of 3.41%. The company had revenue of $231.78 million during the quarter, compared to analyst estimates of $173.77 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. On average, equities analysts forecast that Guild Holdings will post 1.21 earnings per share for the current year.

Guild Dividend Announcement

The company also recently declared a dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 20th were issued a $0.50 dividend. The ex-dividend date was Friday, May 17th.

Institutional Investors Weigh In On Guild

Hedge funds have recently added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. raised its position in shares of Guild by 2.3% during the third quarter. Adage Capital Partners GP L.L.C. now owns 1,173,520 shares of the company’s stock worth $12,874,000 after purchasing an additional 26,510 shares during the period. Donald Smith & CO. Inc. raised its holdings in Guild by 2.1% during the first quarter. Donald Smith & CO. Inc. now owns 440,878 shares of the company’s stock worth $6,503,000 after buying an additional 9,126 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Guild by 8.2% in the first quarter. Empowered Funds LLC now owns 237,853 shares of the company’s stock valued at $3,508,000 after buying an additional 17,992 shares in the last quarter. GoodHaven Capital Management LLC grew its holdings in shares of Guild by 7.8% during the third quarter. GoodHaven Capital Management LLC now owns 174,731 shares of the company’s stock valued at $1,917,000 after buying an additional 12,634 shares during the last quarter. Finally, HighTower Advisors LLC bought a new stake in shares of Guild during the third quarter worth about $358,000. Institutional investors and hedge funds own 17.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on GHLD. JPMorgan Chase & Co. downgraded shares of Guild from a “neutral” rating to an “underweight” rating and set a $14.00 target price for the company. in a research report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and set a $17.00 target price on shares of Guild in a research note on Friday, May 10th. BTIG Research started coverage on shares of Guild in a report on Wednesday, February 21st. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Wells Fargo & Company increased their price target on Guild from $12.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.60.

Read Our Latest Analysis on GHLD

Guild Company Profile

(Get Free Report)

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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