Green Brick Partners Inc (NASDAQ:GRBK)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $10.42 and last traded at $10.28, with a volume of 39747 shares. The stock had previously closed at $10.26.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Green Brick Partners from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Friday, August 16th. BidaskClub downgraded Green Brick Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, August 28th. Finally, TheStreet downgraded Green Brick Partners from a “b-” rating to a “c” rating in a research note on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Green Brick Partners presently has an average rating of “Buy” and a consensus target price of $9.57.
The firm has a 50 day moving average of $9.54 and a 200-day moving average of $9.17. The stock has a market capitalization of $501.47 million, a PE ratio of 7.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 8.93.
Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.08. Green Brick Partners had a return on equity of 12.60% and a net margin of 7.66%. The company had revenue of $183.51 million during the quarter, compared to the consensus estimate of $165.00 million. On average, sell-side analysts predict that Green Brick Partners Inc will post 1.03 earnings per share for the current year.
In other news, Director John R. Farris purchased 7,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was bought at an average cost of $8.25 per share, with a total value of $57,750.00. Following the purchase, the director now directly owns 106,470 shares of the company’s stock, valued at $878,377.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 52.40% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in shares of Green Brick Partners by 529.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,134 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 4,318 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth about $47,000. Acadian Asset Management LLC purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth about $60,000. Stone Ridge Asset Management LLC purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth about $83,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Green Brick Partners during the 2nd quarter worth about $96,000. 81.98% of the stock is owned by institutional investors.
About Green Brick Partners (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, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.
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