Green Brick Partners (NASDAQ:GRBK) Now Covered by Analysts at Zacks Research

Zacks Research began coverage on shares of Green Brick Partners (NASDAQ:GRBK) in a research report sent to investors on Wednesday,Zacks reports. The brokerage issued a hold rating on the financial services provider’s stock.

Green Brick Partners Trading Down 0.8%

NASDAQ:GRBK opened at $62.44 on Wednesday. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 8.11 and a beta of 1.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. Green Brick Partners has a 1 year low of $59.12 and a 1 year high of $83.18. The business has a fifty day moving average of $66.95 and a 200-day moving average of $69.65.

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

Institutional Trading of Green Brick Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in GRBK. Moss Adams Wealth Advisors LLC bought a new stake in Green Brick Partners in the third quarter worth about $229,000. State of Wyoming lifted its holdings in Green Brick Partners by 82.6% in the 3rd quarter. State of Wyoming now owns 3,844 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 1,739 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in shares of Green Brick Partners by 1.8% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 11,500 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 200 shares in the last quarter. Lakewood Asset Management LLC boosted its position in shares of Green Brick Partners by 4.5% during the 3rd quarter. Lakewood Asset Management LLC now owns 10,225 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 438 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new position in shares of Green Brick Partners during the 3rd quarter valued at about $404,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company that acquires and develops residential lots and builds homes for a range of buyers. Its operations include planning and developing master-planned communities, constructing single-family homes and townhomes, and providing related services through affiliated businesses.

The company operates primarily in the Dallas-Fort Worth and Atlanta metropolitan areas, as well as Florida’s Treasure Coast. Green Brick markets homes through several regional brands, including Southgate Homes, Normandy Homes, Trophy Signature Homes, CB JENI Homes and Centre Living Homes.