Green Brick Partners (NASDAQ:GRBK) Stock Passes Above 50 Day Moving Average – Here’s What Happened
by Teresa Graham · The Cerbat GemShares of Green Brick Partners, Inc. (NASDAQ:GRBK – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $66.71 and traded as high as $70.00. Green Brick Partners shares last traded at $69.4680, with a volume of 208,111 shares.
Analyst Ratings Changes
Separately, Citizens Jmp reiterated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.
Get Our Latest Stock Report on Green Brick Partners
Green Brick Partners Price Performance
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock’s 50 day simple moving average is $66.81 and its two-hundred day simple moving average is $68.13. The firm has a market capitalization of $2.97 billion, a PE ratio of 8.95 and a beta of 1.81.
Green Brick Partners (NASDAQ:GRBK – Get Free Report) last released its earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the business posted $1.67 EPS. Green Brick Partners’s quarterly revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Green Brick Partners, Inc. will post 8.34 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. lifted its stake in Green Brick Partners by 106,900.0% in the 1st quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,069 shares in the last quarter. Segall Bryant & Hamill LLC increased its holdings in shares of Green Brick Partners by 68.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 18,685 shares of the financial services provider’s stock worth $1,204,000 after buying an additional 7,582 shares during the last quarter. Argent Capital Management LLC increased its holdings in shares of Green Brick Partners by 45.4% during the 1st quarter. Argent Capital Management LLC now owns 37,404 shares of the financial services provider’s stock worth $2,411,000 after buying an additional 11,672 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Green Brick Partners by 5.9% during the 1st quarter. Bank of America Corp DE now owns 159,039 shares of the financial services provider’s stock worth $10,250,000 after buying an additional 8,927 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Green Brick Partners by 2.1% during the 1st quarter. Empowered Funds LLC now owns 63,522 shares of the financial services provider’s stock worth $4,094,000 after buying an additional 1,335 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.
Green Brick Partners Company Profile
Green Brick Partners, Inc (NASDAQ: GRBK) is a Dallas, Texas–based residential homebuilder and land development company. Founded in 2006, the company acquires, develops and sells residential lots and constructs single‐family detached homes, townhomes and multi‐family rental communities. Green Brick Partners also offers master‐planned community development and delivers improved lot ready capability through its funded land development segment.
Operating across key Sun Belt markets, Green Brick Partners serves homebuyers in the Dallas–Fort Worth metroplex, Greater Houston, Austin and the Atlanta metropolitan area.