Green Brick Partners Inc. (GRBK) Stock Price Up 5.2%
Green Brick Partners Inc. (NASDAQ:GRBK)’s share price rose 5.2% on Wednesday . The company traded as high as $7.31 and last traded at $7.14, with a volume of 71,337 shares traded. The stock had previously closed at $6.79.
GRBK has been the subject of a number of recent analyst reports. Credit Suisse Group AG restated a “hold” rating and issued a $8.00 price objective on shares of Green Brick Partners in a report on Wednesday, June 29th. JMP Securities restated a “hold” rating on shares of Green Brick Partners in a report on Thursday, June 23rd. Finally, TheStreet upgraded shares of Green Brick Partners from a “sell” rating to a “hold” rating in a report on Monday, June 6th.
The firm’s 50 day moving average price is $7.21 and its 200 day moving average price is $6.79. The company has a market capitalization of $349.14 million and a price-to-earnings ratio of 22.52.
Green Brick Partners (NASDAQ:GRBK) last issued its quarterly earnings results on Monday, May 9th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02. The business had revenue of $70 million for the quarter, compared to analyst estimates of $57.83 million. Equities research analysts predict that Green Brick Partners Inc. will post $0.40 earnings per share for the current year.
In other Green Brick Partners news, Director Kathleen Olsen purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $7.05 per share, for a total transaction of $70,500.00. Following the purchase, the director now directly owns 27,727 shares in the company, valued at $195,475.35. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Green Brick Partners, Inc, formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services.
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