Guild Holdings Company (NYSE: GHLD) has confirmed it is in preliminary discussions with Bayview Asset Management, LLC regarding a potential corporate transaction, which may include a significant minority investment, merger, asset purchases, or other business combinations. Bayview currently beneficially owns 7.3% of Guild's total Class A common stock and less than 1% of the total voting power of Guild's outstanding common stock.
In the mortgage sector, Guild Mortgage Company, a wholly owned subsidiary of Guild Holdings Company, has a strong presence as a nationally recognized independent mortgage lender. It provides residential mortgage products and local in-house origination and servicing across 49 states and the District of Columbia.
In terms of financial performance, Guild Holdings Company reported a 7.3% ownership stake by Bayview Asset Management, LLC in its total Class A common stock. This reflects an increase from the previous period.
Additionally, it's worth noting that Bayview's ownership of less than 1% of the total voting power of Guild's outstanding common stock also represents a change from the previous period.
These developments indicate a potential shift in ownership and voting power within Guild Holdings Company, signaling the possibility of significant changes in its corporate structure. Following these announcements, the company's shares moved 0.63%, and are now trading at a price of $12.84. For the full picture, make sure to review Guild's 8-K report.
