Green Brick Partners (NASDAQ:GRBK) Releases Earnings Results, Beats Estimates By $0.31 EPS

Green Brick Partners (NASDAQ:GRBK) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.39 by $0.31, Briefing.com reports. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%.The firm’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the company earned $1.85 earnings per share.

Green Brick Partners Stock Performance

Shares of GRBK stock traded up $0.84 during mid-day trading on Friday, reaching $70.97. 50,731 shares of the company’s stock traded hands, compared to its average volume of 229,704. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The firm has a market capitalization of $3.06 billion, a PE ratio of 9.21 and a beta of 1.79. Green Brick Partners has a 12 month low of $60.44 and a 12 month high of $83.18. The firm has a 50 day moving average price of $72.66 and a two-hundred day moving average price of $70.59.

Hedge Funds Weigh In On Green Brick Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Lido Advisors LLC increased its holdings in Green Brick Partners by 2.1% in the fourth quarter. Lido Advisors LLC now owns 7,005 shares of the financial services provider’s stock valued at $439,000 after buying an additional 142 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Green Brick Partners by 76.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 354 shares during the period. New York State Common Retirement Fund grew its position in shares of Green Brick Partners by 1.0% during the 4th quarter. New York State Common Retirement Fund now owns 40,620 shares of the financial services provider’s stock valued at $2,545,000 after acquiring an additional 400 shares during the period. California State Teachers Retirement System increased its stake in shares of Green Brick Partners by 1.4% in the 2nd quarter. California State Teachers Retirement System now owns 30,734 shares of the financial services provider’s stock valued at $1,933,000 after purchasing an additional 421 shares in the last quarter. Finally, Osterweis Capital Management Inc. acquired a new position in Green Brick Partners in the 2nd quarter worth about $31,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Citizens Jmp reissued a “market perform” rating on shares of Green Brick Partners in a research report on Tuesday, May 19th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.