Green Brick Partners (NASDAQ:GRBK) Posts Earnings Results, Beats Expectations By $0.20 EPS

Green Brick Partners (NASDAQ:GRBK) announced its quarterly earnings results on Wednesday. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.20, Briefing.com reports. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same period last year, the firm earned $1.67 earnings per share. Green Brick Partners’s revenue for the quarter was down 5.9% on a year-over-year basis.

Green Brick Partners Stock Performance

Shares of GRBK stock traded down $2.93 during trading hours on Wednesday, reaching $67.36. The company had a trading volume of 195,107 shares, compared to its average volume of 217,654. The business has a fifty day moving average price of $68.27 and a 200-day moving average price of $67.97. Green Brick Partners has a one year low of $56.64 and a one year high of $80.97. The firm has a market cap of $2.91 billion, a PE ratio of 8.75 and a beta of 1.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Institutional Trading of Green Brick Partners

Several large investors have recently added to or reduced their stakes in GRBK. Boston Partners bought a new stake in Green Brick Partners during the third quarter valued at approximately $13,883,000. Norges Bank purchased a new position in Green Brick Partners during the fourth quarter valued at $5,352,000. Dimensional Fund Advisors LP lifted its position in Green Brick Partners by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,656,806 shares of the financial services provider’s stock valued at $103,817,000 after purchasing an additional 80,517 shares in the last quarter. Millennium Management LLC lifted its position in Green Brick Partners by 959.2% during the third quarter. Millennium Management LLC now owns 70,286 shares of the financial services provider’s stock valued at $5,191,000 after purchasing an additional 63,650 shares in the last quarter. Finally, 4D Advisors LLC purchased a new position in Green Brick Partners during the third quarter valued at $3,693,000. 78.24% of the stock is currently owned by institutional investors.

About Green Brick Partners

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.