Green Brick Partners (NASDAQ:GRBK) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Green Brick Partners, Inc. (NASDAQ:GRBK) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $64.63 and traded as low as $62.70. Green Brick Partners shares last traded at $63.65, with a volume of 210,558 shares traded.

Analyst Upgrades and Downgrades

Separately, BTIG Research began coverage on Green Brick Partners in a research note on Monday, December 1st. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Green Brick Partners currently has an average rating of “Hold” and a consensus target price of $66.00.

Green Brick Partners Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. The firm has a market capitalization of $2.77 billion, a P/E ratio of 8.27 and a beta of 2.01. The company’s 50 day moving average price is $64.63 and its 200 day moving average price is $66.83.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.29. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.98 EPS. As a group, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current fiscal year.

Institutional Trading of Green Brick Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osterweis Capital Management Inc. bought a new position in shares of Green Brick Partners in the 2nd quarter valued at about $31,000. Parkside Financial Bank & Trust boosted its stake in Green Brick Partners by 1,228.6% in the third quarter. Parkside Financial Bank & Trust now owns 465 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 430 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in Green Brick Partners by 40.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 593 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 172 shares during the period. Federated Hermes Inc. raised its position in shares of Green Brick Partners by 195.5% during the 3rd quarter. Federated Hermes Inc. now owns 591 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 391 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of Green Brick Partners in the 2nd quarter valued at $53,000. 78.24% of the stock is currently owned by institutional investors and hedge funds.

Green Brick Partners Company Profile

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.