JMP Securities Reiterates Market Perform Rating for Green Brick Partners (NASDAQ:GRBK)

JMP Securities reaffirmed their market perform rating on shares of Green Brick Partners (NASDAQ:GRBK) in a research note issued to investors on Tuesday morning,Benzinga reports.

Separately, Wedbush reissued a “neutral” rating and set a $60.00 price objective (up previously from $53.00) on shares of Green Brick Partners in a research note on Monday, August 5th.

Green Brick Partners Price Performance

GRBK stock opened at $71.89 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 7.57 and a quick ratio of 0.63. Green Brick Partners has a 1 year low of $48.14 and a 1 year high of $84.66. The firm has a 50-day moving average of $75.27 and a 200 day moving average of $69.47. The company has a market cap of $3.20 billion, a P/E ratio of 9.34 and a beta of 1.80.

Green Brick Partners (NASDAQ:GRBK) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.07 by ($0.09). The firm had revenue of $523.70 million during the quarter, compared to analysts’ expectations of $539.86 million. Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.56 EPS. On average, sell-side analysts forecast that Green Brick Partners will post 8.24 EPS for the current year.

Institutional Trading of Green Brick Partners

Several institutional investors have recently bought and sold shares of GRBK. Hollencrest Capital Management bought a new position in shares of Green Brick Partners in the third quarter worth approximately $29,000. Blue Trust Inc. purchased a new stake in Green Brick Partners in the second quarter worth approximately $48,000. nVerses Capital LLC grew its holdings in shares of Green Brick Partners by 1,000.0% in the second quarter. nVerses Capital LLC now owns 2,200 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares during the period. GAMMA Investing LLC lifted its stake in shares of Green Brick Partners by 20.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,766 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 305 shares during the period. Finally, Grey Fox Wealth Advisors LLC purchased a new position in shares of Green Brick Partners during the 3rd quarter worth $209,000. 78.24% of the stock is owned by hedge funds and other institutional investors.

Green Brick Partners Company Profile

Green Brick Partners, Inc is a diversified homebuilding and land development company in the United States. The company operates through three segments: Builder operations Central, Builder operations Southeast, and Land Development. The Builder operations Central segment operates builders in Texas; and the closing and delivery of homes.