Green Brick Partners (NASDAQ:GRBK) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Green Brick Partners shares fell below their 200-day moving average of $69.65, trading as low as $62.50 and last changing hands near $63.00.
• The company beat quarterly EPS estimates, reporting $1.70 versus the $1.39 consensus, but revenue declined 10.1% year over year. Analysts forecast full-year EPS of $8.34.
• Institutional investors own 78.24% of the stock, with several funds initiating positions or increasing holdings recently.

Green Brick Partners, Inc. (NASDAQ:GRBK - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $69.65 and traded as low as $62.50. Green Brick Partners shares last traded at $62.9970, with a volume of 344,445 shares changing hands.

Green Brick Partners Price Performance

The stock has a market capitalization of $2.71 billion, a PE ratio of 8.18 and a beta of 1.76. The business's 50-day moving average price is $69.46 and its 200 day moving average price is $69.65. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57.

Green Brick Partners (NASDAQ:GRBK - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.39 by $0.31. Green Brick Partners had a return on equity of 25.35% and a net margin of 17.70%. The firm's revenue for the quarter was down 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.85 EPS. Research analysts forecast that Green Brick Partners, Inc. will post 8.34 earnings per share for the current year.

Institutional Trading of Green Brick Partners

Several institutional investors and hedge funds have recently modified their holdings of GRBK. Integrated Wealth Concepts LLC bought a new position in shares of Green Brick Partners in the second quarter worth approximately $26,000. Allworth Financial LP purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $27,000. Fiduciary Financial Advisors purchased a new position in Green Brick Partners in the 2nd quarter worth approximately $31,000. Public Employees Retirement System of Ohio bought a new position in shares of Green Brick Partners in the 2nd quarter worth $50,000. Finally, Optiver Holding B.V. increased its holdings in shares of Green Brick Partners by 106,900.0% in the 1st quarter. Optiver Holding B.V. now owns 1,070 shares of the financial services provider's stock worth $69,000 after buying an additional 1,069 shares during the last quarter. Hedge funds and other institutional investors 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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