Green Brick Partners, Inc. (GRBK) Short Interest Update
Green Brick Partners, Inc. (NASDAQ:GRBK) was the target of a significant drop in short interest in September. As of September 29th, there was short interest totalling 429,147 shares, a drop of 38.3% from the September 15th total of 695,208 shares. Based on an average daily trading volume, of 40,468 shares, the days-to-cover ratio is currently 10.6 days. Currently, 0.9% of the shares of the stock are sold short.
A number of hedge funds and other institutional investors have recently bought and sold shares of GRBK. Susquehanna International Group LLP acquired a new stake in shares of Green Brick Partners during the second quarter worth about $118,000. American International Group Inc. lifted its position in shares of Green Brick Partners by 7.1% during the first quarter. American International Group Inc. now owns 14,298 shares of the financial services provider’s stock worth $142,000 after purchasing an additional 947 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in shares of Green Brick Partners during the second quarter worth about $159,000. Voya Investment Management LLC lifted its position in shares of Green Brick Partners by 24.8% during the second quarter. Voya Investment Management LLC now owns 14,298 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,838 shares in the last quarter. Finally, PDT Partners LLC acquired a new stake in shares of Green Brick Partners during the second quarter worth about $190,000. 82.70% of the stock is currently owned by institutional investors.
GRBK has been the topic of several research analyst reports. TheStreet raised Green Brick Partners from a “c+” rating to a “b” rating in a research report on Thursday, August 17th. BidaskClub upgraded Green Brick Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.
Shares of Green Brick Partners (NASDAQ:GRBK) opened at 10.10 on Friday. The stock has a 50 day moving average price of $9.57 and a 200 day moving average price of $10.35. Green Brick Partners has a one year low of $7.50 and a one year high of $12.10. The firm has a market cap of $495.98 million, a price-to-earnings ratio of 17.78 and a beta of 1.68.
Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Monday, August 7th. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.09. Green Brick Partners had a net margin of 6.69% and a return on equity of 11.30%. The firm had revenue of $104.95 million during the quarter, compared to analyst estimates of $115.23 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Green Brick Partners’s quarterly revenue was up 6.1% on a year-over-year basis. On average, equities research analysts forecast that Green Brick Partners will post $0.66 EPS for the current year.
About Green Brick Partners
Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.
Receive News & Ratings for Green Brick Partners Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Green Brick Partners Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.