Green Brick Partners (NASDAQ:GRBK) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of Green Brick Partners (NASDAQ:GRBK) from a hold rating to a sell rating in a research note published on Thursday, BidAskClub reports.

A number of other analysts have also recently issued reports on GRBK. TheStreet raised shares of Green Brick Partners from a c rating to a b- rating in a research note on Tuesday, March 5th. Citigroup increased their price objective on shares of Green Brick Partners from $9.00 to $10.50 and gave the company a buy rating in a research report on Friday, March 8th. JMP Securities reiterated a buy rating and set a $11.50 price objective on shares of Green Brick Partners in a research report on Wednesday, March 6th. Finally, Zacks Investment Research upgraded shares of Green Brick Partners from a hold rating to a buy rating and set a $10.00 price objective for the company in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $9.57.

Green Brick Partners stock traded up $0.04 during mid-day trading on Thursday, reaching $8.90. The company’s stock had a trading volume of 2,650 shares, compared to its average volume of 40,065. Green Brick Partners has a 12-month low of $6.65 and a 12-month high of $12.50. The firm has a market capitalization of $447.98 million, a price-to-earnings ratio of 6.50 and a beta of 1.65.

Green Brick Partners (NASDAQ:GRBK) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Green Brick Partners had a net margin of 8.05% and a return on equity of 14.21%. The business had revenue of $168.63 million during the quarter, compared to analyst estimates of $157.51 million. Equities research analysts anticipate that Green Brick Partners will post 1.05 earnings per share for the current fiscal year.

In other Green Brick Partners news, Director Harry Brandler acquired 5,000 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of $8.97 per share, for a total transaction of $44,850.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John R. Farris acquired 20,000 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were acquired at an average price of $8.70 per share, for a total transaction of $174,000.00. Following the completion of the acquisition, the director now directly owns 93,570 shares in the company, valued at $814,059. The disclosure for this purchase can be found here. 52.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in Green Brick Partners by 529.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,134 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 4,318 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Green Brick Partners in the 1st quarter worth approximately $90,000. SEI Investments Co acquired a new stake in Green Brick Partners during the 1st quarter valued at $114,000. New Amsterdam Partners LLC NY acquired a new stake in shares of Green Brick Partners in the 1st quarter valued at $117,000. Finally, Rhumbline Advisers increased its stake in shares of Green Brick Partners by 40.7% in the 4th quarter. Rhumbline Advisers now owns 36,654 shares of the financial services provider’s stock valued at $265,000 after buying an additional 10,610 shares during the period. 81.15% of the stock is owned by institutional investors and hedge funds.

Green Brick Partners Company Profile

Green Brick Partners, Inc operates as a homebuilding and land development company in the United States. It operates in Builder Operations and Land Development segments. The company is involved in the land acquisition and development, entitlements, design, construction, marketing, and sale of townhomes, patio homes, single family homes, and luxury homes in residential neighborhoods and master planned communities; development and sale of lots; and land and construction financing business.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for Green Brick Partners (NASDAQ:GRBK)

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