Green Brick Partners, Inc. (NASDAQ:GRBK) posted its earnings results on Monday, August 7th. The financial services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09, Bloomberg Earnings reports. The business had revenue of $104.95 million for the quarter, compared to the consensus estimate of $115.23 million. Green Brick Partners had a net margin of 6.69% and a return on equity of 11.30%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 EPS.
Green Brick Partners (GRBK) traded up 1.55% on Friday, reaching $9.80. 34,018 shares of the company’s stock were exchanged. Green Brick Partners has a one year low of $7.37 and a one year high of $12.10. The firm has a 50 day moving average of $11.15 and a 200-day moving average of $10.33. The stock has a market cap of $481.25 million, a price-to-earnings ratio of 17.25 and a beta of 1.84.
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Hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in Green Brick Partners by 40.6% in the first quarter. Prudential Financial Inc. now owns 25,290 shares of the financial services provider’s stock valued at $252,000 after buying an additional 7,300 shares during the period. Swiss National Bank increased its stake in Green Brick Partners by 21.6% in the first quarter. Swiss National Bank now owns 24,200 shares of the financial services provider’s stock valued at $241,000 after buying an additional 4,300 shares during the period. Metropolitan Life Insurance Co. NY bought a new stake in Green Brick Partners during the fourth quarter valued at about $183,000. State Street Corp increased its stake in Green Brick Partners by 4.0% in the fourth quarter. State Street Corp now owns 303,262 shares of the financial services provider’s stock valued at $3,047,000 after buying an additional 11,781 shares during the period. Finally, Guggenheim Capital LLC increased its stake in Green Brick Partners by 41.5% in the fourth quarter. Guggenheim Capital LLC now owns 14,724 shares of the financial services provider’s stock valued at $148,000 after buying an additional 4,321 shares during the period. Institutional investors own 82.61% of the company’s stock.
Separately, BidaskClub raised shares of Green Brick Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th.
About Green Brick Partners
Green Brick Partners, Inc operates in the real estate industry. The Company operates through two segments. The builder operations segment includes its controlled builders results, which include building and selling single-family detached homes and townhomes that are designed and built to meet local customer preferences, and the sale of lots.
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