Green Brick Partners (NASDAQ:GRBK) Sets New 1-Year Low – Here’s Why

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) reached a new 52-week low on Wednesday. The company traded as low as $60.10 and last traded at $59.95, with a volume of 24,325 shares. The stock had previously closed at $61.71.

Green Brick Partners Stock Performance

The firm has a fifty day moving average of $69.05 and a 200-day moving average of $69.67. The company has a quick ratio of 0.63, a current ratio of 7.57 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.55 billion, a P/E ratio of 7.69 and a beta of 1.76.

Green Brick Partners (NASDAQ:GRBK) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. During the same quarter in the previous year, the company posted $1.85 earnings per share. Green Brick Partners’s revenue for the quarter was down 10.1% on a year-over-year basis. Research analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Green Brick Partners

A number of institutional investors and hedge funds have recently modified their holdings of GRBK. Integrated Wealth Concepts LLC acquired a new position in shares of Green Brick Partners in the 2nd quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in shares of Green Brick Partners during the second quarter worth $27,000. HB Wealth Management LLC increased its position in shares of Green Brick Partners by 1.3% during the second quarter. HB Wealth Management LLC now owns 28,846 shares of the financial services provider’s stock worth $2,309,000 after buying an additional 359 shares during the period. Fiduciary Financial Advisors bought a new position in Green Brick Partners during the second quarter worth $31,000. Finally, Byrne Asset Management LLC raised its stake in Green Brick Partners by 10.5% during the second quarter. Byrne Asset Management LLC now owns 4,213 shares of the financial services provider’s stock worth $337,000 after buying an additional 400 shares during the last quarter. 78.24% of the stock is owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a residential homebuilder and land development company headquartered in Plano, Texas. The company acquires and develops residential lots, designs and builds homes, and sells properties to homebuyers through a portfolio of regional brands.

Green Brick’s homebuilding operations serve markets primarily in Texas and Georgia. Its Texas operations include communities in the Dallas-Fort Worth area and other major Texas markets, while its Georgia operations focus on the Atlanta metropolitan area.