BidaskClub Downgrades Green Brick Partners (NASDAQ:GRBK) to Sell

Green Brick Partners (NASDAQ:GRBK) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, BidAskClub reports.

A number of other analysts have also recently commented on GRBK. TheStreet cut Green Brick Partners from a “b-” rating to a “c” rating in a research report on Monday, August 26th. Zacks Investment Research cut Green Brick Partners from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. Finally, BTIG Research raised Green Brick Partners from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.43.

Shares of Green Brick Partners stock traded down $0.15 on Thursday, reaching $9.77. The company’s stock had a trading volume of 3 shares, compared to its average volume of 61,095. The company has a market capitalization of $506.52 million, a P/E ratio of 7.13 and a beta of 1.28. Green Brick Partners has a 52-week low of $6.65 and a 52-week high of $10.99. The stock has a 50-day moving average price of $10.42 and a 200-day moving average price of $9.52. The company has a quick ratio of 0.80, a current ratio of 8.93 and a debt-to-equity ratio of 0.47.

Green Brick Partners (NASDAQ:GRBK) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.08. The business had revenue of $183.51 million during the quarter, compared to analysts’ expectations of $165.00 million. Green Brick Partners had a return on equity of 12.60% and a net margin of 7.66%. Sell-side analysts forecast that Green Brick Partners will post 1.03 earnings per share for the current fiscal year.

In other news, CAO Summer Loveland sold 5,300 shares of Green Brick Partners stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $10.63, for a total value of $56,339.00. Following the sale, the chief accounting officer now directly owns 5,209 shares of the company’s stock, valued at $55,371.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Violich Capital Management Inc. acquired a new stake in shares of Green Brick Partners in the third quarter worth approximately $130,000. Monarch Partners Asset Management LLC boosted its stake in shares of Green Brick Partners by 13.4% in the third quarter. Monarch Partners Asset Management LLC now owns 97,178 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 11,520 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Green Brick Partners by 22.4% in the third quarter. First Trust Advisors LP now owns 53,898 shares of the financial services provider’s stock worth $577,000 after acquiring an additional 9,854 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Green Brick Partners by 4,546.4% during the third quarter. Russell Investments Group Ltd. now owns 261,641 shares of the financial services provider’s stock worth $2,800,000 after buying an additional 256,010 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Green Brick Partners by 12.3% during the third quarter. California Public Employees Retirement System now owns 78,145 shares of the financial services provider’s stock worth $836,000 after buying an additional 8,560 shares during the last quarter. 82.05% of the stock is currently owned by hedge funds and other institutional investors.

About Green Brick Partners

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

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