Green Brick Partners (NASDAQ:GRBK) Stock Price Up 2.5%

Green Brick Partners, Inc. (NASDAQ:GRBKGet Rating)’s share price rose 2.5% on Friday . The stock traded as high as $22.97 and last traded at $22.96. Approximately 53,751 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 548,053 shares. The stock had previously closed at $22.41.

Analyst Ratings Changes

GRBK has been the subject of several recent research reports. Wedbush lowered Green Brick Partners from an “outperform” rating to a “neutral” rating and set a $26.00 target price for the company. in a report on Monday, August 8th. B. Riley upped their target price on Green Brick Partners from $23.00 to $27.00 in a report on Friday, August 5th. JPMorgan Chase & Co. lowered their target price on Green Brick Partners from $21.00 to $17.50 and set an “underweight” rating for the company in a report on Tuesday, July 12th. Finally, JMP Securities lowered Green Brick Partners from an “outperform” rating to a “market perform” rating in a report on Friday, August 19th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.50.

Green Brick Partners Stock Performance

The company has a quick ratio of 0.61, a current ratio of 5.82 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $25.53 and a 200-day moving average price of $22.69. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 4.20 and a beta of 1.60.

Green Brick Partners (NASDAQ:GRBKGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The financial services provider reported $2.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.85. The business had revenue of $525.14 million during the quarter, compared to the consensus estimate of $404.43 million. Green Brick Partners had a return on equity of 32.19% and a net margin of 16.04%. During the same period in the previous year, the firm posted $1.02 earnings per share. As a group, equities research analysts forecast that Green Brick Partners, Inc. will post 5.85 earnings per share for the current year.

Hedge Funds Weigh In On Green Brick Partners

Several hedge funds and other institutional investors have recently made changes to their positions in GRBK. Woodson Capital Management LP acquired a new stake in Green Brick Partners in the second quarter worth approximately $9,785,000. JBF Capital Inc. lifted its position in Green Brick Partners by 105.4% in the first quarter. JBF Capital Inc. now owns 971,564 shares of the financial services provider’s stock worth $19,198,000 after purchasing an additional 498,638 shares during the period. Assenagon Asset Management S.A. lifted its position in Green Brick Partners by 216.1% in the first quarter. Assenagon Asset Management S.A. now owns 418,171 shares of the financial services provider’s stock worth $8,263,000 after purchasing an additional 285,885 shares during the period. DC Investments Management LLC acquired a new stake in Green Brick Partners in the first quarter worth approximately $3,583,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Green Brick Partners in the second quarter worth approximately $3,312,000. 68.27% of the stock is currently owned by institutional investors and hedge funds.

About Green Brick Partners

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Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates through Builder operations Central, Builder operations Southeast, and Land development segments. The company is involved in the land acquisition and development, entitlements, design, construction, title and mortgage services, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods, and master planned communities.

Further Reading

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