Guild (NYSE:GHLD) Trading Up 4.5%

Guild Holdings (NYSE:GHLD – Get Rating) was up 4.5% during trading on Wednesday . The company traded as high as $10.46 and last traded at $10.46. Approximately 1,730 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 8,937 shares. The stock had previously closed at $10.01.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their target price on shares of Guild from $12.50 to $13.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

Guild Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.23 and a quick ratio of 0.23. The company’s 50 day moving average is $10.36 and its 200 day moving average is $10.83. The stock has a market cap of $637.03 million, a price-to-earnings ratio of 7.74 and a beta of 0.93.

Guild (NYSE:GHLD – Get Rating) last posted its earnings results on Monday, May 8th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.11). Guild had a net margin of 10.60% and a return on equity of 2.88%. The business had revenue of $103.89 million for the quarter, compared to analysts’ expectations of $139.32 million. Research analysts forecast that Guild Holdings will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Guild

Several hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC purchased a new stake in shares of Guild during the third quarter worth about $27,000. Lazard Asset Management LLC acquired a new position in Guild during the fourth quarter worth approximately $29,000. UBS Group AG increased its position in Guild by 117.4% during the third 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. Royal Bank of Canada acquired a new position in Guild during the first quarter worth approximately $34,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of Guild in the third quarter worth $35,000. 7.63% of the stock is currently owned by hedge funds and other institutional investors.

About Guild

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Guild Holdings Company, a mortgage company, originates, sells, and services residential mortgage loans in the United States. The company operates approximately 260 branches with licenses in 49 states. It originates residential mortgages through retail and correspondent channels. The company was incorporated in 1960 and is headquartered in San Diego, California.