Guild Holdings (NYSE:GHLD) Short Interest Update


Guild Holdings (NYSE:GHLD – Get Rating) benefited from a sharp increase in short-term interest during March. As of March 31, there was short interest totaling 5,200 shares, an 85.7% increase from the March 15 total of 2,800 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 20,600 shares, the day-to-cover ratio is currently 0.3 days.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. BlackRock Inc. purchased a new equity stake in Guild during Q3 valued at approximately $28,000. Schonfeld Strategic Advisors LLC increased its stake in Guild shares by 67.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 826,643 shares of the company valued at $11,375,000 after acquiring an additional 333,505 shares during the period. Renaissance Technologies LLC purchased a new position in Guild stock during Q4 valued at approximately $314,000. Finally, Morgan Stanley bought a new position in Guild stock during Q1 worth about $138,000. 9.18% of the shares are held by hedge funds and other institutional investors.

NYSE: GHLD was down $0.04 during Friday’s midday session, hitting $9.28. The company’s stock had a trading volume of 16,629 shares, compared to an average trading volume of 45,274. Guild has a 12-month low of $9.11 and a 12-month high of $16.61. The company’s fifty-day moving average price is $11.34 and its two-hundred-day moving average price is $13.06. The stock has a market capitalization of $566.64 million, a P/E ratio of 1.98 and a beta of 0.20.

Guild (NYSE:GHLD – Get Rating) last released its quarterly results on Thursday, March 10. The company reported EPS of $0.37 for the quarter, missing Thomson Reuters consensus estimate of $0.64 per ($0.27). In the same quarter of the previous year, the company achieved EPS of $1.48. On average, sell-side analysts expect Guild to post EPS of 2.13 for the current year.

Several equity analysts have recently released reports on GHLD shares. JMP Securities lowered its price target on Guild from $19.00 to $16.00 and set a “market outperformance” rating for the company in a Wednesday, March 16 research report. Wells Fargo & Company downgraded Guild from an “overweight” rating to an “equal weight” rating and set a price target of $11.00 for the company. in a research report on Monday, March 28. JPMorgan Chase & Co. lowered its price target on Guild from $16.50 to $15.50 in a Wednesday, January 19 research report. Finally, Zacks Investment Research downgraded Guild from a “buy” rating to a “hold” rating in a Friday, March 11 research report. Two investment analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, Guild has an average rating of “Buy” and an average target price of $15.50.

About the guild (Get an evaluation)

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

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