Green Brick Partners (NASDAQ:GRBK) Trading Up 7.4% – Here’s What Happened

Green Brick Partners, Inc. (NASDAQ:GRBK)’s share price rose 7.4% during trading on Wednesday . The stock traded as high as $80.00 and last traded at $80.04. Approximately 14,152 shares were traded during trading, a decline of 94% from the average daily volume of 223,746 shares. The stock had previously closed at $74.55.

Wall Street Analysts Forecast Growth

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, May 19th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Green Brick Partners Stock Performance

The company has a market cap of $3.50 billion, a PE ratio of 10.55 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The business has a 50-day moving average of $68.50 and a 200 day moving average of $68.73.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate 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 quarter last year, the company posted $1.67 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. Equities research analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Institutional Trading of Green Brick Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GRBK. Osterweis Capital Management Inc. purchased a new position in shares of Green Brick Partners during the 2nd quarter worth $31,000. Clearstead Advisors LLC increased its stake in shares of Green Brick Partners by 467.3% in the 4th quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 458 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in Green Brick Partners by 76.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 354 shares during the period. Optiver Holding B.V. raised its stake in shares of Green Brick Partners by 106,900.0% in the first quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,069 shares during the period. Finally, Pinnacle Holdings LLC bought a new position in shares of Green Brick Partners during the 4th quarter valued at approximately $69,000. 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.