Green Brick Partners (NASDAQ:GRBK) Shares Gap Down – Here’s Why

Green Brick Partners, Inc. (NASDAQ:GRBK)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $58.64, but opened at $57.44. Green Brick Partners shares last traded at $57.13, with a volume of 98,839 shares changing hands.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Performance

The stock has a 50-day moving average of $71.13 and a 200 day moving average of $70.12. The firm has a market capitalization of $2.56 billion, a P/E ratio of 7.48 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The business had revenue of $523.70 million during the quarter, compared to analyst estimates of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business’s quarterly revenue was up 25.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.56 earnings per share. On average, research analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of Green Brick Partners by 206.8% during the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after acquiring an additional 164,840 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in Green Brick Partners by 114.9% in the third quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after purchasing an additional 115,318 shares during the period. Marshall Wace LLP raised its holdings in Green Brick Partners by 195.3% during the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock worth $9,580,000 after purchasing an additional 110,680 shares during the last quarter. State Street Corp lifted its position in Green Brick Partners by 5.8% during the 3rd quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock valued at $145,142,000 after purchasing an additional 94,834 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Green Brick Partners by 9.1% in the 3rd quarter. Geode Capital Management LLC now owns 710,144 shares of the financial services provider’s stock valued at $59,324,000 after purchasing an additional 59,098 shares during the last quarter. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.