Green Brick Partners (NASDAQ:GRBK) Stock Price Up 7.4% – Still a Buy?

Green Brick Partners, Inc. (NASDAQ:GRBK) shares traded up 7.4% on Wednesday . The company traded as high as $80.00 and last traded at $80.04. Approximately 14,152 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 223,746 shares. The stock had previously closed at $74.55.

Analyst Upgrades and Downgrades

Separately, Citizens Jmp restated a “market perform” rating on shares of Green Brick Partners in a research note on Tuesday, May 19th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $62.00.

Green Brick Partners Trading Up 9.0%

The stock has a fifty day moving average of $68.50 and a 200 day moving average of $68.73. 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 company has a market capitalization of $3.50 billion, a PE ratio of 10.55 and a beta of 1.81.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GRBK. Osterweis Capital Management Inc. bought a new stake in shares of Green Brick Partners in the second quarter worth about $31,000. Clearstead Advisors LLC boosted its stake in Green Brick Partners by 467.3% during the fourth quarter. Clearstead Advisors LLC now owns 556 shares of the financial services provider’s stock valued at $35,000 after buying an additional 458 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in Green Brick Partners by 76.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 819 shares of the financial services provider’s stock valued at $51,000 after buying an additional 354 shares during the last quarter. Optiver Holding B.V. grew its holdings in Green Brick Partners by 106,900.0% during the 1st 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 in the last quarter. Finally, Pinnacle Holdings LLC purchased a new position in shares of Green Brick Partners in the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

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.