Green Brick Partners (NASDAQ:GRBK) Shares Gap Down – Should You Sell?

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) gapped down prior to trading on Thursday . The stock had previously closed at $58.64, but opened at $57.44. Green Brick Partners shares last traded at $57.13, with a volume of 98,839 shares changing hands.

Analyst Ratings Changes

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Green Brick Partners in a report on Tuesday, December 3rd.

Green Brick Partners Stock Performance

The company has a current ratio of 7.57, a quick ratio of 0.63 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 7.36 and a beta of 1.80. The stock has a fifty day moving average price of $72.36 and a 200-day moving average price of $70.28.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The company had revenue of $523.70 million for the quarter, compared to analyst estimates of $539.86 million. During the same quarter in the prior year, the company earned $1.56 earnings per share. The business’s revenue was up 25.0% compared to the same quarter last year. As a group, analysts anticipate that Green Brick Partners, Inc. will post 8.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Blue Trust Inc. acquired a new stake in shares of Green Brick Partners in the second quarter valued at $48,000. Raymond James & Associates raised its stake in shares of Green Brick Partners by 7.6% in the second quarter. Raymond James & Associates now owns 33,185 shares of the financial services provider’s stock worth $1,900,000 after acquiring an additional 2,350 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Green Brick Partners by 45.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,626 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 1,757 shares in the last quarter. Argent Capital Management LLC grew its stake in shares of Green Brick Partners by 47.8% during the second quarter. Argent Capital Management LLC now owns 17,483 shares of the financial services provider’s stock valued at $1,001,000 after purchasing an additional 5,658 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Green Brick Partners by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 234,357 shares of the financial services provider’s stock valued at $13,415,000 after purchasing an additional 8,898 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

About Green Brick Partners

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.