Green Brick Partners (NASDAQ:GRBK) Shares Break Below Fifty Day Moving Average – Time to Sell?

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $65.62 and traded as low as $63.29. Green Brick Partners shares last traded at $63.81, with a volume of 210,334 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research started coverage on Green Brick Partners in a report on Wednesday, October 28th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Green Brick Partners Stock Down 4.1%

The business’s fifty day moving average price is $65.62 and its 200 day moving average price is $69.31. The company has a market capitalization of $2.71 billion, a P/E ratio of 8.29 and a beta of 1.70. The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20.

Green Brick Partners (NASDAQ:GRBK) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $1.35 earnings per share for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.08). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. During the same quarter in the prior year, the firm posted $1.77 earnings per share. Green Brick Partners’s revenue was down 10.2% compared to the same quarter last year. As a group, equities 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

Several large investors have recently modified their holdings of GRBK. Integrated Wealth Concepts LLC bought a new position in shares of Green Brick Partners during the 2nd quarter worth approximately $26,000. Allworth Financial LP acquired a new stake in Green Brick Partners in the 2nd quarter valued at $27,000. Fiduciary Financial Advisors acquired a new stake in Green Brick Partners in the 2nd quarter valued at $31,000. Public Employees Retirement System of Ohio bought a new stake in Green Brick Partners in the second quarter valued at $50,000. Finally, Bard Associates Inc. bought a new stake in Green Brick Partners in the second quarter valued at $70,000. 78.24% of the stock is currently owned by institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc. is a homebuilding and land development company that operates through a network of regional builders and real estate businesses. Its activities include acquiring and developing land, constructing homes, and marketing them to homebuyers. The company serves markets in Texas, Georgia, Colorado and Florida. Its homebuilding brands include Trophy Signature Homes, CB JENI Homes, Normandy Homes, Southgate Homes, The Providence Group, Challenger Homes and GHO Homes. Green Brick traces its roots to 2006 and became a publicly traded company in 2014.