Green Brick Partners (GRBK) Hits New 52-Week Low at $7.88

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Green Brick Partners Inc (NASDAQ:GRBK)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as $7.88 and last traded at $8.04, with a volume of 3918 shares traded. The stock had previously closed at $8.00.

A number of brokerages have commented on GRBK. BidaskClub downgraded shares of Green Brick Partners from a “hold” rating to a “sell” rating in a research note on Saturday, November 10th. Citigroup set a $11.00 target price on shares of Green Brick Partners and gave the stock a “buy” rating in a research note on Thursday, November 8th. Credit Suisse Group initiated coverage on shares of Green Brick Partners in a research note on Friday, August 24th. They set a “neutral” rating and a $9.00 price objective on the stock. Finally, TheStreet downgraded shares of Green Brick Partners from a “b” rating to a “c+” rating in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.00.

The company has a market cap of $406.77 million, a PE ratio of 6.47 and a beta of 1.82.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Tuesday, November 6th. The financial services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.05). Green Brick Partners had a net margin of 5.28% and a return on equity of 14.02%. The business had revenue of $149.99 million for the quarter.

In other Green Brick Partners news, Director Elizabeth Blake acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, November 13th. The shares were purchased at an average cost of $8.86 per share, for a total transaction of $132,900.00. Following the completion of the purchase, the director now owns 138,366 shares in the company, valued at $1,225,922.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 52.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in GRBK. Monarch Partners Asset Management LLC acquired a new stake in Green Brick Partners in the second quarter valued at approximately $778,000. Swiss National Bank boosted its stake in Green Brick Partners by 42.9% in the second quarter. Swiss National Bank now owns 39,000 shares of the financial services provider’s stock valued at $382,000 after acquiring an additional 11,700 shares in the last quarter. BlackRock Inc. boosted its stake in Green Brick Partners by 8.4% in the second quarter. BlackRock Inc. now owns 1,427,562 shares of the financial services provider’s stock valued at $13,991,000 after acquiring an additional 110,038 shares in the last quarter. Elgethun Capital Management acquired a new stake in Green Brick Partners in the second quarter valued at approximately $107,000. Finally, Dimensional Fund Advisors LP boosted its stake in Green Brick Partners by 5.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,005,471 shares of the financial services provider’s stock valued at $9,853,000 after acquiring an additional 49,961 shares in the last quarter. Institutional investors own 77.08% of the company’s stock.

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Green Brick Partners Company Profile (NASDAQ:GRBK)

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, single family, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots for public and large private builders; and land and construction financing business.

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