Green Brick Partners (NASDAQ:GRBK) Reaches New 52-Week Low - Time to Sell?

Key Points

• Green Brick Partners fell 4.1%, reaching a new 52-week low of $60.10 and trading near $59.95, well below its 50-day and 200-day moving averages of roughly $69.
• The company beat quarterly EPS expectations, reporting $1.70 versus the $1.39 consensus estimate, but quarterly revenue declined 10.1% year over year; analysts project full-year EPS of $8.34.
• Institutional investors and hedge funds own 78.24% of the stock, with several firms initiating or increasing positions during the recent quarters.

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

Green Brick Partners Stock Down 4.1%

The business has a fifty day moving average price of $69.05 and a two-hundred day moving average price of $69.67. 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 company has a market cap of $2.55 billion, a price-to-earnings ratio of 7.69 and a beta of 1.76.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) 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 last year, the business earned $1.85 earnings per share. The company's quarterly revenue was down 10.1% compared to the same quarter last year. On average, equities analysts predict that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Institutional Investors Weigh In On Green Brick Partners

Several institutional investors and hedge funds have recently made changes to their positions in GRBK. Louisiana State Employees Retirement System bought a new stake in shares of Green Brick Partners during the first quarter valued at approximately $870,000. Legal & General Group Plc bought a new position in Green Brick Partners in the 2nd quarter worth approximately $5,454,000. Bank of America Corp DE bought a new position in Green Brick Partners in the 2nd quarter worth approximately $12,923,000. Empowered Funds LLC bought a new position in Green Brick Partners in the 2nd quarter worth approximately $2,924,000. Finally, Odyssean LLC lifted its holdings in Green Brick Partners by 93.2% during the 2nd quarter. Odyssean LLC now owns 41,180 shares of the financial services provider's stock worth $3,296,000 after buying an additional 19,869 shares in the last quarter. Institutional investors and hedge funds own 78.24% of the company's stock.

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.

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