Green Brick Partners (NASDAQ:GRBK) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS

Green Brick Partners (NASDAQ:GRBK) released its earnings results on Wednesday. The financial services provider reported $1.39 EPS for the quarter, topping 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%. During the same period in the previous year, the firm posted $1.67 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year.

Green Brick Partners Stock Performance

Shares of GRBK traded down $0.50 during trading hours on Friday, reaching $66.95. 54,077 shares of the company traded hands, compared to its average volume of 216,216. 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 business has a fifty day moving average price of $68.05 and a 200-day moving average price of $67.97. Green Brick Partners has a 12-month low of $56.85 and a 12-month high of $80.97. The stock has a market capitalization of $2.89 billion, a P/E ratio of 8.65 and a beta of 1.99.

Institutional Trading of Green Brick Partners

Several large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Green Brick Partners by 7.4% in the first quarter. Royal Bank of Canada now owns 9,915 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 683 shares during the last quarter. AQR Capital Management LLC increased its holdings in Green Brick Partners by 91.5% in the 1st quarter. AQR Capital Management LLC now owns 20,091 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 9,597 shares during the period. Goldman Sachs Group Inc. raised its position in Green Brick Partners by 13.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 270,236 shares of the financial services provider’s stock worth $15,757,000 after buying an additional 31,547 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Green Brick Partners by 7.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,597 shares of the financial services provider’s stock valued at $3,825,000 after acquiring an additional 4,763 shares during the period. Finally, CW Advisors LLC acquired a new stake in Green Brick Partners during the 2nd quarter valued at approximately $223,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

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.