Green Brick Partners (NASDAQ:GRBK) Stock Price Up 7.4% – Here’s What Happened

Green Brick Partners, Inc. (NASDAQ:GRBK)’s share price rose 7.4% on Wednesday . The company traded as high as $80.00 and last traded at $80.04. 14,152 shares were traded during trading, a decline of 94% from the average session volume of 223,746 shares. The stock had previously closed at $74.55.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp reaffirmed a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.00.

Green Brick Partners Stock Performance

The company has a market cap of $3.45 billion, a P/E ratio of 10.38 and a beta of 1.81. 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 simple moving average of $69.00 and a two-hundred day simple moving average of $68.93.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.20. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.67 earnings per share. On average, sell-side analysts anticipate that Green Brick Partners, Inc. will post 8.34 EPS for the current year.

Institutional Trading of Green Brick Partners

Large investors have recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its holdings in Green Brick Partners by 106,900.0% during the first quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,069 shares during the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Green Brick Partners by 68.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 18,685 shares of the financial services provider’s stock worth $1,204,000 after acquiring an additional 7,582 shares during the last quarter. Argent Capital Management LLC boosted its stake in shares of Green Brick Partners by 45.4% during the 1st quarter. Argent Capital Management LLC now owns 37,404 shares of the financial services provider’s stock worth $2,411,000 after acquiring an additional 11,672 shares during the last quarter. Bank of America Corp DE grew its position in shares of Green Brick Partners by 5.9% during the 1st quarter. Bank of America Corp DE now owns 159,039 shares of the financial services provider’s stock valued at $10,250,000 after acquiring an additional 8,927 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Green Brick Partners by 2.1% during the 1st quarter. Empowered Funds LLC now owns 63,522 shares of the financial services provider’s stock valued at $4,094,000 after acquiring an additional 1,335 shares during the period. 78.24% of the stock is currently owned by institutional investors.

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.