Green Brick Partners (NASDAQ:GRBK) Share Price Breaks Below Two Hundred Day Moving Average – What’s Next?

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $69.65 and traded as low as $62.50. Green Brick Partners shares last traded at $62.9970, with a volume of 344,445 shares traded.

Green Brick Partners Trading Down 1.0%

The business has a fifty day simple moving average of $69.46 and a 200-day simple moving average of $69.65. 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 cap of $2.71 billion, a price-to-earnings ratio of 8.18 and a beta of 1.76.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same quarter last year, the business earned $1.85 EPS. The firm’s revenue was down 10.1% on a year-over-year basis. As a group, equities analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new stake in Green Brick Partners during the 2nd quarter worth approximately $26,000. Allworth Financial LP acquired a new position in Green Brick Partners in the 2nd quarter valued at approximately $27,000. HB Wealth Management LLC increased its position in Green Brick Partners by 1.3% in the 2nd quarter. HB Wealth Management LLC now owns 28,846 shares of the financial services provider’s stock valued at $2,309,000 after acquiring an additional 359 shares during the period. Fiduciary Financial Advisors acquired a new position in Green Brick Partners in the 2nd quarter valued at approximately $31,000. Finally, Byrne Asset Management LLC raised its stake in shares of Green Brick Partners by 10.5% during the second quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider’s stock valued at $337,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

Green Brick Partners, Inc is a residential homebuilder and land development company headquartered in Plano, Texas. The company acquires and develops residential lots, designs and builds homes, and sells properties to homebuyers through a portfolio of regional brands.

Green Brick’s homebuilding operations serve markets primarily in Texas and Georgia. Its Texas operations include communities in the Dallas-Fort Worth area and other major Texas markets, while its Georgia operations focus on the Atlanta metropolitan area.