Green Brick Partners (NASDAQ:GRBK) Stock Crosses Below 50 Day Moving Average – What’s Next?

Green Brick Partners, Inc. (NASDAQ:GRBK) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $65.62 and traded as low as $63.29. Green Brick Partners shares last traded at $63.81, with a volume of 210,334 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research assumed coverage on shares of Green Brick Partners in a research note on Wednesday, October 28th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Hold rating. According to MarketBeat, Green Brick Partners currently has an average rating of “Hold”.

Green Brick Partners Stock Down 2.8%

The company has a fifty day simple moving average of $65.24 and a 200-day simple moving average of $69.23. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.58 billion, a P/E ratio of 7.91 and a beta of 1.70.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.43 by ($0.08). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.77 earnings per share. On average, equities analysts anticipate that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of Green Brick Partners in the second quarter worth $26,000. Allworth Financial LP bought a new stake in shares of Green Brick Partners during the 2nd quarter valued at $27,000. Fiduciary Financial Advisors bought a new stake in shares of Green Brick Partners during the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio purchased a new position in shares of Green Brick Partners during the 2nd quarter valued at $50,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Green Brick Partners by 2,109.1% during the 3rd quarter. Fortitude Family Office LLC now owns 972 shares of the financial services provider’s stock valued at $64,000 after buying an additional 928 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.

Green Brick Partners Company Profile

Green Brick Partners, Inc. is a homebuilding and land development company that operates through a network of regional builders and real estate businesses. Its activities include acquiring and developing land, constructing homes, and marketing them to homebuyers. The company serves markets in Texas, Georgia, Colorado and Florida. Its homebuilding brands include Trophy Signature Homes, CB JENI Homes, Normandy Homes, Southgate Homes, The Providence Group, Challenger Homes and GHO Homes. Green Brick traces its roots to 2006 and became a publicly traded company in 2014.