Green Brick Partners (NASDAQ:GRBK) Shares Gap Up to $26.21

Green Brick Partners, Inc. (NASDAQ:GRBK) shares gapped up before the market opened on Thursday . The stock had previously closed at $26.21, but opened at $26.91. Green Brick Partners shares last traded at $27.68, with a volume of 2,113 shares traded.

A number of equities research analysts have recently weighed in on the company. Wedbush assumed coverage on Green Brick Partners in a report on Monday, December 6th. They set an “outperform” rating and a $33.00 target price for the company. JPMorgan Chase & Co. downgraded Green Brick Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $32.00 to $28.00 in a report on Thursday, October 14th. Zacks Investment Research raised Green Brick Partners from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, January 5th. Finally, B. Riley dropped their price target on Green Brick Partners from $37.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, October 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Green Brick Partners currently has an average rating of “Buy” and an average price target of $32.00.

The company has a quick ratio of 0.20, a current ratio of 4.02 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $28.01 and a 200 day moving average of $25.06. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 8.41 and a beta of 1.46.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Monday, November 1st. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.10). Green Brick Partners had a net margin of 12.95% and a return on equity of 21.97%. The business had revenue of $342.34 million during the quarter, compared to the consensus estimate of $357.01 million. During the same quarter in the prior year, the firm earned $0.68 EPS. As a group, analysts predict that Green Brick Partners, Inc. will post 3.57 EPS for the current fiscal year.

In other news, Director Richard S. Press sold 5,000 shares of the business’s stock in a transaction dated Monday, December 27th. The stock was sold at an average price of $30.05, for a total transaction of $150,250.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 53.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Mesirow Financial Investment Management Inc. bought a new stake in Green Brick Partners in the fourth quarter valued at approximately $668,000. UBS Asset Management Americas Inc. boosted its holdings in Green Brick Partners by 7.3% in the third quarter. UBS Asset Management Americas Inc. now owns 15,334 shares of the financial services provider’s stock valued at $315,000 after acquiring an additional 1,037 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Green Brick Partners by 7.5% in the third quarter. Bank of New York Mellon Corp now owns 188,340 shares of the financial services provider’s stock valued at $3,866,000 after acquiring an additional 13,183 shares during the last quarter. Summit Trail Advisors LLC boosted its holdings in Green Brick Partners by 0.7% in the third quarter. Summit Trail Advisors LLC now owns 55,677 shares of the financial services provider’s stock valued at $1,142,000 after acquiring an additional 407 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in Green Brick Partners by 8.0% in the third quarter. BNP Paribas Arbitrage SA now owns 80,252 shares of the financial services provider’s stock valued at $1,647,000 after acquiring an additional 5,931 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.

About Green Brick Partners (NASDAQ:GRBK)

Green Brick Partners, Inc engages in residential land development and homebuilding. It operates through the following segments: Builder Operations Central, Builder Operations Southeast, and Land Development segments. The Builder Operations Central segment segment represents operations of its builders in Texas.

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