Green Brick Partners (NASDAQ:GRBK) Announces Earnings Results

Green Brick Partners (NASDAQ:GRBK) posted its earnings results on Wednesday. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.20, Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. Green Brick Partners’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.67 earnings per share.

Green Brick Partners Stock Performance

Green Brick Partners stock traded up $0.02 during midday trading on Thursday, reaching $67.36. 48,319 shares of the stock traded hands, compared to its average volume of 215,498. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a fifty day moving average price of $68.27 and a two-hundred day moving average price of $67.97. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 8.75 and a beta of 1.99. Green Brick Partners has a fifty-two week low of $56.64 and a fifty-two week high of $80.97.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. boosted its stake in Green Brick Partners by 10.7% during the 4th quarter. Invesco Ltd. now owns 300,986 shares of the financial services provider’s stock valued at $18,860,000 after purchasing an additional 29,081 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Green Brick Partners during the 4th quarter worth about $200,000. State of Tennessee Department of Treasury raised its position in shares of Green Brick Partners by 45.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 13,671 shares of the financial services provider’s stock worth $949,000 after buying an additional 4,278 shares in the last quarter. Empowered Funds LLC raised its position in shares of Green Brick Partners by 55.4% during the 4th quarter. Empowered Funds LLC now owns 62,187 shares of the financial services provider’s stock worth $3,897,000 after buying an additional 22,180 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Green Brick Partners during the 4th quarter worth about $2,228,000. 78.24% of the stock is owned by institutional investors and hedge funds.

About Green Brick Partners

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.