Green Brick Partners (NASDAQ:GRBK) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Shares of Green Brick Partners, Inc. (NASDAQ:GRBK) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $66.17 and traded as low as $55.65. Green Brick Partners shares last traded at $55.77, with a volume of 257,352 shares trading hands.

Wall Street Analysts Forecast Growth

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

Green Brick Partners Stock Performance

The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 7.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.63 and a current ratio of 7.57. The stock’s fifty day moving average is $66.17 and its two-hundred day moving average is $70.37.

Green Brick Partners (NASDAQ:GRBK) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.98 earnings per share for the quarter, missing the consensus estimate of $2.07 by ($0.09). Green Brick Partners had a net margin of 17.70% and a return on equity of 25.35%. The business 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 business earned $1.56 earnings per share. The firm’s revenue was up 25.0% on a year-over-year basis. Analysts forecast that Green Brick Partners, Inc. will post 8.24 earnings per share for the current year.

Hedge Funds Weigh In On Green Brick Partners

A number of institutional investors have recently made changes to their positions in GRBK. Assenagon Asset Management S.A. increased its stake in shares of Green Brick Partners by 206.8% in the third quarter. Assenagon Asset Management S.A. now owns 244,537 shares of the financial services provider’s stock worth $20,424,000 after buying an additional 164,840 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Green Brick Partners by 68.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,590 shares of the financial services provider’s stock worth $24,437,000 after acquiring an additional 118,858 shares in the last quarter. Harbor Capital Advisors Inc. increased its position in shares of Green Brick Partners by 114.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 215,711 shares of the financial services provider’s stock worth $18,016,000 after purchasing an additional 115,318 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Green Brick Partners by 195.3% in the 2nd quarter. Marshall Wace LLP now owns 167,363 shares of the financial services provider’s stock valued at $9,580,000 after purchasing an additional 110,680 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Green Brick Partners by 5.8% during the third quarter. State Street Corp now owns 1,737,812 shares of the financial services provider’s stock worth $145,142,000 after purchasing an additional 94,834 shares during the last quarter. 78.24% of the stock is owned by institutional investors and hedge funds.

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.